Foxconn beats estimates with record fourth-quarter revenue

Foxconn beats estimates with record fourth-quarter revenue on AI demand
Taiwan's Foxconn , the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.
Nvidia, TSMC, Other AI Chip Stocks Surge as Foxconn Posts Record Revenue
Chip stocks surged in intraday trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.
Chip stocks soar as solid earnings from top tech manufacturer Foxconn point to big AI demand
Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.
TSMC's fourth-quarter revenue handily beats market forecast on AI demand
TSMC , the world's largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat market forecasts and hit its own expectations as it reaped the benefit of artificial intelligence demand.
S&P 500 Gains and Losses Today: Chip Stocks Jump as Foxconn Spotlights AI Demand
Key Takeaways 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 began.Teradyne shares pushed higher as Northland Securities analysts highlighted upside potential for the company's electronic testing equipment.
Apple Supplier Foxconn Posts Record Revenue, Rides High On AI Server Demand And Nvidia Partnership
Apple and Nvidia supplier Foxconn posted a record topline in Q4 driven by higher cloud and networking and strong demand from AI servers.
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 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.
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.
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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 ...
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TSMC chips in big: Revenue soars 33.9pc as AI demand powers growth
Taiwanese chip making giant TSMC said Friday its net sales rose by more than a third last year, beating its own forecast, as ...
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 ...
Stock market today: Tech rallies as AI names lead markets higher ahead of CES event
Chip stocks rose sharply on Monday, partly due to a solid earnings report from Foxconn, which pointed to continued AI demand.