Shares of Lenovo Group surged 9.75% on Friday, climbing 2.12 Hong Kong dollars to reach 23.86 Hong Kong dollars, as the world's largest personal computer maker rode a powerful rally sweeping across Asian technology stocks following blockbuster earnings from Microsoft and other major U.S. technology companies.

The rally traced its roots to a powerful overnight session on Wall Street. Microsoft shares soared roughly 15.5% Thursday, marking the company's best single-day performance in nearly 18 years, after the technology giant reported that its Azure cloud computing division grew 43% during the quarter, easing broader investor concerns about the sustainability of massive capital spending on artificial intelligence infrastructure. Amazon and Meta Platforms also posted results that exceeded market expectations, reinforcing confidence that demand for AI-related computing infrastructure remains robust across the global technology sector.

Friday's gains build on an extraordinary year for Lenovo shares, which have surged 137% on a year-to-date basis, according to StockAnalysis.com, driven by the company's rapidly expanding artificial intelligence infrastructure business alongside resilience in its core personal computer operations. In late May, Lenovo shares jumped as much as 85% to reach a fresh all-time high in Hong Kong trading after the company reported its fastest revenue growth in years, with record fiscal fourth-quarter........

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