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 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,
Foxconn Q4: Chipmaker's revenue hits $64.72 billion; beats estimates over high AI server demand
Phone assembly giant Foxconn's revenue surged to $64.72 billion, beating analyst estimates due to high AI server demand in the current market, reported the news agency Reuters.
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.
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 ...
Microsoft's $80 Billion Investment Outlay, Musk's Battle With OpenAI, And Nvidia's Billion-Dollar Bet: This Week In Artificial Intelligence
Microsoft invests $80B in AI data centers, expands Copilot Plus to mini PCs, Musk vs OpenAI continues, Nvidia's $1B ...
Nvidia Stock Jumped Today -- Is the Artificial Intelligence (AI) Leader a Buy for 2025?
Nvidia stock has skyrocketed 200% over the last year. Can the AI frontrunner serve up more wins in 2025 and beyond?
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Better Artificial Intelligence Stock: Nvidia vs. AMD
Artificial intelligence (AI) has dramatically altered the value propositions of both Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Nvidia's AI accelerators have redefined the ...
Cerence AI shares double in one day on collab with Nvidia to advance LLMs
Cerence AI shares spiked 30% during pre-market trading on Friday as the voice artificial intelligence company expanded a ...
My Top Artificial Intelligence (AI) Stock to Buy for 2025 (Hint: It's Not Nvidia)
True, Amazon's top line isn't growing as fast as Nvidia's. In the third quarter, Amazon's revenue increased 11% year over ...
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Is Nvidia the Top Artificial Intelligence (AI) Stock to Own in 2025?
But is Nvidia still the top artificial intelligence (AI) stock to own for 2025? Nvidia has risen to the top of AI investments because it has become the building block on which AI models are ...
Meet Nvidia CEO Jensen Huang, the man behind the company powering today's artificial intelligence
Jensen Huang leads Nvidia – a tech company with a skyrocketing stock and the most advanced technology for artificial intelligence.
Better Artificial Intelligence Stock: IonQ vs. Rigetti Computing
When investors discuss the artificial intelligence (AI) market, they often focus on GPU makers like Nvidia, generative AI ...