AEM Holdings seems poised to benefit from the artificial‑intelligence‑driven test cycle, after Singapore semiconductor test company raised its 2026 guidance for the second time. First‑half earnings tracked ahead of expectations, partly boosted by strong AI and high‑performance computing customer ramp‑up. The higher full‑year guidance of 630 million Singapore dollars to S$680 million implies S$383‑433 million of revenue in 2H, a 55‑75% increase from 1H. DBS maintains a buy rating and S$11.80 target price.

Lenovo delivered a broad‑based beat in its latest fiscal 1Q, reinforcing the AI‑driven growth narrative. Revenue surged 43% YoY, driven by explosive growth in its Infrastructure Solutions Group, itself powered by robust AI server demand. The AI server pipeline rose 157% on the quarter, reflecting the ramp of agentic AI workloads among enterprise customers. Td AI services revenue grew at a triple‑digit rate, and gross profit and margin topped consensus.

China’s future economy will be driven by AI, robotics and biotech, but these sectors need far fewer workers, says Louise Loo of Oxford Economics. Labor supply falls 0.5‑0.7% a year, but demand may fall faster, so demography alone won’t tighten the labor market if capital shifts to industries that need half the workers.