Lenovo's $100B Target and Nikkei's Chip Rally Share the Same Risk: AI Capex

Lenovo's CEO set a $100 billion revenue target within two years. The same day, Japan's Nikkei 225 rose 1.3%, led by chip and metals stocks. Both hinge on AI infrastructure spending by cloud operators. A capex slowdown would hit Lenovo's growth pipeline and Japanese semiconductor equities simultaneously, not separately.