Foxconn's Q4 revenue hits record high, driven by AI server demand, leading to share price increase.

From Investing.com: 2025-01-05 22:23:18

Shares of Foxconn, formerly Hon Hai Precision Industry Co Ltd, surged after reporting record fourth-quarter revenue of T$2.13 trillion, surpassing forecasts. The increase was driven by robust demand for AI servers. The stock rose 3% to T$187.50 on Monday. Cloud and networking division, serving NVIDIA, saw growth, while consumer electronics stagnated.

December revenue hit T$654.8 billion, up 42.3% year-on-year. Foxconn expects first-quarter performance to align with historical averages but anticipates significant growth. Analysts credit the company’s success to its strong position in the booming AI server market. Investor confidence has grown, leading to an increase in share prices.



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