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Foxconn reports record revenue in 2024
Nvidia, TSMC, Other AI Chip Stocks Surge as Foxconn Posts Record Revenue
KEY TAKEAWAYS 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, whose formal name is Hon Hai Precision Industry,
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.
InvestmentNews
25m
Tech stocks fuel equity gains, positive day expected
US stocks are set to for a second day of gains after ending the longest losing streak since April on Friday. Microsoft plans ...
11d
Nvidia vs. Broadcom: Which is the better AI chip stock to own in 2025?
Both stocks have had strong runs in 2024. Let's consider which semiconductor looks like the better buy heading into 2025.
2d
on MSN
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?
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 ...
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 ...
7d
on MSN
Artificial Intelligence Made These Stocks the Market Darlings of 2024
Artificial intelligence continued to be a driving force behind stock market returns in 2024. Here are some of the stocks that ...
6d
3 Artificial Intelligence (AI) Stocks Billionaires Can't Stop Buying Ahead of 2025
Wall Street's top billionaires money managers have picked out their favorite AI stocks for the new year -- and Nvidia didn't ...
1d
on MSN
GPUs Are So 2024 -- This Is 2025's Hottest Trend for the $15.7 Trillion Artificial Intelligence (AI) Revolution
According to the analysts at PwC, artificial intelligence can increase global gross domestic product (GDP) by 26%, or $15.7 ...
4d
Nvidia invested $1B in AI companies in 2024, FT reports
Nvidia (NVDA) invested $1B in artificial intelligence companies in 2024, The Financial Times’ Michael Acton and Tabby Kinder report. According ...
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