Arm Holdings plc (ARM.US) CEO Rene Haas said the company may achieve its USD15 billion in-house chip sales target earlier than expected, reflecting stronger-than-anticipated demand driven by the AI boom.

Arm had announced in March this year its plan to sell its own chips for the first time. Meta Platforms, Inc. (META.US) will become the first major customer of the chip, named AGI CPU.
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LENOVO GROUP (00992.HK) opened 2.85% higher today and once surged 8.6% to a record high of HKD27.42. It last quoted at HKD26.04, up 3.17%, with turnover of 136 million shares, involving HKD3.617 billion.

Macquarie said in a research report that LENOVO GROUP's recent results confirmed a structural inflection point, with its ISG returning to profit amid accelerating demand for AI and traditional servers. The broker believed AI server demand will continue to outpace supply, supporting strong ISG revenue growth and margin expansion.

Meanwhile, tight memory supply has become a tailwind, helping improve server pricing, market share gains and operating leverage. The broker viewed the recent share price rally as the beginning of a valuation re-rating cycle.

Macquarie noted that LENOVO GROUP's AI server pipeline has increased to USD21 billion (as of the end of FY2026 in March), providing strong earnings visibility.

Although its market share in the high-end enterprise infrastructure segment remains relatively small, the company should be able to start gaining share in the high-end market, as deliveries of NVIDIA Corporation (NVDA.US) GB300 began last quarter, and timely deliveries of NVIDIA Vera Rubin servers are expected in 2H26.

The broker largely lifted its TP by 72% from HKD21.75 to HKD37.4. It reiterated its Outperform rating and named the stock as a Marquee Buy idea.
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SK Group Chairman Chey Tae-won met with NVIDIA Corporation (NVDA.US) CEO Jensen Huang in Taipei yesterday (1st), where the two exchanged views on cooperation in AI memory chips, South Korean media reported.

SK hynix posted on social media about the meeting between Chey and Huang and released photos from the event. The photos also showed SK hynix President Kwak Noh-jung and other senior executives from both companies attending the gathering.

The two sides reviewed their achievements in AI memory chips and reaffirmed their commitment to working together to open a new chapter in AI infrastructure development.

Huang later attended a dinner event hosted by South Korea, where he interacted with executives of South Korean enterprises.

In response to questions from South Korean media, Huang said the most critical elements of the HBM supply chain are performance, quality, reliability and supply capability, and therefore NVIDIA is working closely with SK.
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SpaceX (SPCX.US) disclosed in a filing that it will reserve up to 5% of its Class A shares in the IPO for subscription by certain employees as well as relatives and friends of the company's senior executives. Subscribers included on the "friends and family" list will not be subject to any lock-up restrictions.

SpaceX is expected to raise USD75 billion and may start its roadshow as early as June 4, price the offering on June 11, and list on Nasdaq on June 12. Directed share programs are relatively common in IPOs, but subscribers are typically subject to lock-up periods.

Under an AI computing capacity agreement between SpaceX and Anthropic, the deal involves approximately 325,000 chips from NVIDIA Corporation (NVDA.US), the filing revealed. Under the agreement, Anthropic is required to pay USD1.25 billion per month for the related computing services, with the contract remaining effective until May 2029.
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Alphabet Inc. (GOOGL.US) will issue shares to raise up to USD80 billion to fund substantial investments in AI projects. Of the total, USD40 billion will be raised through market-priced issuance of Class A and Class C shares, USD30 billion through underwritten offerings and mandatory convertible preferred shares, while the remaining USD10 billion will stem from an investment by Berkshire Hathaway (BRK.A.US).

It is rare for a large listed company to conduct equity financing of such magnitude. Alphabet stated that AI is driving the company into an expansion phase, and the company will be able to expand its infrastructure to support humungous growth opportunities in the future by scaling up its investments.

Alphabet's shares fell 0.72% in after-hours trading to USD373.66.
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As NVIDIA Corporation (NVDA.US) is dabbling into the PC chip market, its CEO Jensen Huang said that the company's new RTX Spark super chip will first be geared in laptops and desktop computers of Dell Technologies Inc. (DELL.US) and LENOVO GROUP (00992.HK), among others, starting from this fall.

Investors are betting on multiple stocks related to the PC business. Dell added 1.5% pre-market. HP Inc. (HPQ.US) rallied 4% pre-market, while International Business Machines Corporation (IBM.US) advanced 9%. Arm Holdings plc (ARM.US) surged 16.2% pre-market to USD410.5. ServiceNow, Inc. (NOW.US) also shot up 7.9% pre-market. Nebius Group N.V. (NBIS.US) spiked 6.7% pre-market as well.
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NVIDIA Corporation (NVDA.US) is entering the PC chip market, potentially breaking the technological dominance of Intel Corporation (INTC.US) and Advanced Micro Devices, Inc. (AMD.US) in the sector.

CEO Jensen Huang said the company's new RTX Spark super chip will debut in laptops and desktops, including products from Dell Technologies Inc. (DELL.US) and LENOVO GROUP (00992.HK), starting this autumn.

The chip is co-developed by NVIDIA Corporation and MediaTek, and will run on Microsoft Corporation (MSFT.US)'s Windows on Arm system.
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NVIDIA Corporation (NVDA.US) announced that it has selected Unitree Robotics to sell its first robot system, which will be supplied to researchers including those at Stanford University.

The system will combine Unitree Robotics' nearly 6-foot-tall H2 humanoid robot with NVIDIA's Jetson Thor hardware, powered by Blackwell chips to support the robots' AI functions.

NVIDIA stated that its humanoid AI model Isaac GR00T and its simulation system form part of the new robot testing suite. The robot will use robotic hands manufactured by Sharpa in Singapore.

Unitree Robotics' STAR Market IPO application was reviewed today (1st). If approved, the company will proceed to the next stage of fundraising for the IPO.
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LENOVO GROUP (00992.HK) opened flat today (1st) and once swelled 11.2% in early trading to a record high of HKD26.68. It last stood at HKD25.54, up 6.42%, with 167 million shares traded, involving HKD4.257 billion.

As chip platforms from Intel Corporation (INTC.US), Advanced Micro Devices, Inc. (AMD.US) and QUALCOMM Incorporated (QCOM.US) continue to evolve, LENOVO GROUP, as a global leader in PC brands, is expected to be a major beneficiary of the AI PC growth trend. Its personal AI agent is also set to drive comprehensive AI solutions across devices, infrastructure and software.

The broker noted that LENOVO GROUP's global notebook market share reached 27% in FY2025 and is expected to remain high, further expanding to as much as 28% by FY2028. By then, AI notebook penetration is projected to reach 66%, driving blended ASP to rise at an 8% CAGR in calendar years 2025-28 to USD1,114.

Goldman Sachs maintained a Buy rating on LENOVO GROUP and lifted its 12-month TP from HKD27 to HKD31.
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A class action lawsuit targeting the Full Self-Driving (FSD) function of Tesla, Inc. (TSLA.US) has been heard in the first instance at the Daxing District Peoples' Court in Beijing, Chinese media reported.

Ten Chinese vehicle owners have filed a lawsuit against Tesla, alleging false advertising and consumer fraud, seeking compensation of more than RMB3.95 million.

According to the plaintiffs' legal representative, Tesla was aware that the promoted FSD function had not obtained approval from Chinese regulators and was unable to deliver the core functions described in its marketing materials.

The lawyer also alleged that Tesla concealed hardware technical defects and engaged in misleading promotion to induce purchases, arguing that such conduct meets the legal criteria for fraud.
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