Lenovo Group (0992.HK) shares dropped nearly 10% in Hong Kong. The stock reached its lowest point in one month.
Executives warned that DRAM and NAND memory prices are unlikely to return to previous lows. Sustained demand from the artificial intelligence sector drives this price forecast.
The company expects structurally higher memory prices to persist for years. Investors expressed concern over the impact of rising component costs on future profit margins.
These costs specifically threaten Lenovo's core personal computer and device businesses. The warning reflects a consensus that AI is fundamentally reshaping the semiconductor supply chain.