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Foxconn Posts Record 4th-Quarter Revenue on AI Demand
Nvidia, TSMC, Other AI Chip Stocks Surge as Foxconn Posts Record Revenue
Chip stocks are surging in premarket trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.
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.
Apple's iPhone assembler Foxconn sees 'record' Q4 revenue as AI demand soars
December 2024 revenue soared 42.31% year-over-year, while setting a record for the highest fourth quarter revenue ever. Fourth Quarter: The Apple (AAPL) supplier — which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — said revenue in the fourth quarter grew 15.
Foxconn reports record revenue in 2024, driven by AI product demand and GB200 shipments
Foxconn reported a record revenue of NT$654.825 billion (approx. US$19.91 billion) in December 2024, thanks to the initial shipments of GB200-related products. This boost contributed to a total annual revenue of NT$6.
Foxconn Breaks Revenue Records in Fourth Quarter Amid AI Server Boom
Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone assembler, announced record-breaking revenue for the fourth quarter of 2024, exceeding market expectations. The Taiwan-based company,
1d
on MSN
Got $3,000? 3 Artificial Intelligence (AI) Stocks to Buy and Hold for the Long Term
Artificial intelligence (AI) was one of the driving themes in the market in 2024, powering a number of stocks to new highs.
2d
on MSN
Analysts reveal top AI stocks for 2025, including Nvidia and Palantir
Palantir and Nvidia were among the top five winners of the Nasdaq 100 Index for 2024, up roughly 340% and 171%, respectively.
11m
Chip Stocks Kick Off Week With a Bang
Global chip stocks gained ground following AI-boosted earnings from Taiwan's Foxconn, which assembles Nvidia and Apple ...
1d
on MSN
Why AI Chip Stocks Nvidia, Taiwan Semiconductor Manufacturing, and Arm Holdings Rallied Today
Shares of artificial intelligence (AI) semiconductor stocks Nvidia (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing (NYSE: ...
5d
Top 3 must-have AI stocks to invest in now
These three AI stocks, in particular, are all trading at reasonable valuations and look like smart buys right now.
3d
Nvidia Stock Vs. Custom AI Chips: Should Investors Worry?
Do Custom AI Chips Make Marvell Stock A Buy? For instance, Broadcom’s sales from its custom AI chips and networking ...
4d
on MSN
2 Magnificent Artificial Intelligence (AI) Stocks to Buy in 2025
The artificial intelligence (AI) investing sector is a gold mine for finding companies with market-beating potential. Nvidia ...
Moneyweb
18m
Nvidia investors look to Huang CES speech to spark next breakout
Nvidia Corp investors have high hopes that Monday’s speech from CEO Jensen Huang will spark a fresh breakout in the chipmaker ...
4d
Nvidia's market value gets $2 trillion boost in 2024 on AI rally
Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial ...
3d
3 Artificial Intelligence (AI) Stocks I'm Loading Up On in 2025
Rather than focusing on quarterly earnings beats or temporary market sentiment, my investment strategy centers on identifying ...
2d
Cerence AI expands collaboration with Nvidia for CaLLM family of language models
Cerence (CRNC) announced an expanded collaboration with NVIDIA (NVDA) to advance the capabilities of its CaLLM family of language models, ...
5d
3 Artificial Intelligence (AI) Stocks With 60% to 194% Upside in 2025, According to Select Wall Street Analysts
Here are three AI stocks with up to 194% upside in 2025, according to select Wall Street analysts. Micron ( MU -1.35%) is a ...
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