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Here's your afternoon TNB Tech Minute for Friday, May 22nd. I'm Julie Chang for the Wall Street Journal. Stocks of space

companies are skyrocketing, driven by SpaceX's move toward an initial public offering earlier

this week. AST Space Mobile closed up about 10%, Virgin Galactic closed up nearly 18%. Shares of spacecraft maker, Firefly Aerospace, closed up over 15%.

And satellite builder Rocket Lab also closed up about 8%. Firefly went public last summer after guiding

the first successful private moon landing. Meanwhile, Rocket Lab has fixated on going head-to-head with

SpaceX, Blue Origin, and other industry powers.

Lenovo Group recorded its fastest revenue growth in years, driven by strong demand for

AI-enabled devices and AI infrastructure. The world's largest personal computer maker said

net profit rose nearly sixfold to $521 million,

far above analyst estimates per a fax set poll. The company's revenue searched 27% to $21.6 billion

for the quarter that ended in March. Lenovo has now set its sights on $100 billion in annual revenue,

a milestone it expects to achieve within two years. Linobo remained the world's leading PC

maker with a 25% market share, but faces a global memory chip shortage. Shares are up nearly 20%.

And AI is already boosting productivity gains in very specific,

well-defined tasks, but these increases have yet to scale sharply across the whole economy. That's

...