Foxconn beats estimates with record fourth-quarter revenue on AI demand
Nvidia, TSMC, Other AI Chip Stocks Surge as Foxconn Posts Record Revenue
Chip stocks soar as solid earnings from top tech manufacturer Foxconn point to big AI demand
The Economist11h
Foxconn and other gadget-makers are expanding their empires
Buoyed by their impressive performance, the companies are busy expanding into new products and places. Contract manufacturers have also been expanding into new industries. In October Foxconn unveiled two new electric-vehicle designs,
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Demand for AI servers sees Foxconn fly and suppliers come along for the ride
Record quarterly revenue at contract manufacturing giant suggests strong demand for hardware of all sorts Foxconn has singled out AI servers as a reason for its record revenue, and its suppliers’ share prices surged on the news.
S&P 500 Gains and Losses Today: Chip Stocks Jump as Foxconn Spotlights AI Demand
The S&P 500 added 0.6% on Monday, Jan. 6, led by a surge in semiconductor stocks as the first full week of the new year got underway.
CNBC Daily Open: The AI sector still has legs to run
Semiconductor stocks jumped on Monday, lifted by buoyant news regarding the artificial intelligence sector. The S&P and Nasdaq posted two straight days of gains.
Why AI Chip Stocks Broadcom, Marvell, and Arm Holdings Rallied Again Today
AI-related chip stocks sold off a bit during the last couple of weeks of 2024, but they got a lift Friday on signs of strong AI chip demand. On Monday morning, Hon Hai Precision (OTC: HNHPF), also known as Foxconn,
Global chip stocks climb as Foxconn's bumper results show a continuation of the AI boom
Global semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.
Foxconn Posts Record Fourth-Quarter Revenue on AI Demand
The Taiwan-listed assembler of Apple and Nvidia products posted record revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial intelligence technologies.
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AI server demand pushes Foxconn to record fourth-quarter revenue
Strong demand for AI servers set Taiwan’s Foxconn to a record fourth-quarter revenue. In a statement, the company said its revenue rose 15.2% to T$2.13
TSMC To Deliver A Robust Quarter
TSMC is entering an unprecedented growth phase, driven by accelerating AI infrastructure demand. Check out why I reiterate a strong buy rating on TSM stock.
Trump announces Emirati businessman will invest $20B in US data centers
President-elect Donald Trump today announced that Emirati billionaire Hussain Sajwani will invest $20 billion to build new data centers in the U.S. The investment could eventually “somewhat more than double,” Trump stated during a Mar-a-Lago press conference.
Trump announces $20B plan to build new data centers in the US
President-elect Donald Trump has announced that Hussain Sajwani, an Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in new data centers across the United States.