BUZZ-Lenovo hits record high as Nvidia launches new chip to bring AI to PC
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** Shares of personal computers (PC) maker Lenovo 0992.HK jump 8.6% in the seventh straight rising session to HK$27.42, a record high since their debut in February 1994
** Fifth biggest pct gainer in benchmark Hang Seng Index .HSI, which rises 1.5%
** Nvidia NVDA.O on Monday unveiled a new chip that puts artificial intelligence (AI) capabilities directly into laptops and desktop computers
** The chip, developed with Taiwan's MediaTek 2454.TW, will debut this fall in laptops and compact desktops from Dell DELL.N, HP HPQ.N, Lenovo, ASUS 2357.TW, Microsoft Surface and MSI, with models from Acer and GIGABYTE to follow
** Goldman Sachs, with "Buy" rating on Lenovo, lifts target price to HK$31 from HK$27, on seeing Lenovo, as a global leading PC brand, to be a major beneficiary in the rising AI PC trend, along with its personal AI agent driving its total AI solutions across devices, infrastructure, and software
** Shares of ASUS 2357.TW jump 9.9% to a record high of T$920 on Tuesday, while Dell rises 10.7% to an all-time high and HP rose 8.5% on Monday
** YTD, Lenovo stock up 183.4%, Hang Seng TECH Index .HSTECH down 6.8%
