Lenovo Beats Estimates With AI Helping PC Sales Rebound.

Lenovo Group Ltd., the world's leading PC maker, has reported better-than-expected profits for the third consecutive quarter. The company's net income for the March quarter was $248 million, surpassing analyst estimates, while sales reached $13.8 billion, higher than the expected $13.1 billion. Lenovo's infrastructure solutions group, which provides servers and networking equipment, achieved record revenue due to increased investment in artificial intelligence. Despite challenges in the Chinese market, the introduction of AI PCs is expected to drive growth in the future. The electronics industry as a whole is recovering from the setbacks of 2023. [Extracted from the article]