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Newsfeed Weekly Tech News Digest: May 23, 2026 Lenovo Profits Surge 38% Driven by Artificial Intelligence Demand Lenovo reported a 38% profit increase for the fiscal year ending March 2026, fueled by surging global demand for artificial intelligence (AI) technologies. Following the earnings announcement, the tech giant’s Hong Kong-listed shares jumped by as much as 17%. AI-related revenue now accounts for 38% of Lenovo’s quarterly sales, representing a massive 84% year-over-year increase. This robust performance in the generative AI sector allowed the PC manufacturer to offset rising component costs and navigate ongoing memory shortages. Looking forward, Lenovo plans to begin shipping Nvidia Rubin-based platforms in the second half of 2026. The company also highlighted a robust $21 billion AI server pipeline, signaling sustained growth for its enterprise cloud infrastructure business. ...