How Lenovo's CFO Is Allocating Capital During One of History's Biggest Booms

Lenovo CFO Winston Cheng joins Odd Lots to discuss how companies are navigating the unprecedented AI capital expenditure boom. Cheng outlines Lenovo's strategy of moving beyond personal computing by integrating AI agents into devices and building an AI cloud infrastructure alongside Nvidia. The conversation also covers the intense market involution (内卷) in China and how Lenovo is adapting its supply chain to tariffs. The episode provides a rare window into the financial decision-making behind one of the biggest capex cycles in history.