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.

Record quarterly revenue at contract manufacturing giant suggests strong demand for hardware of all sorts Foxconn has singled out AI servers as a reason for its record revenue, and its suppliers’ share prices surged on the news.

Industry analysts have slashed their 2025 GB200 NVL72 shipment projections by 50%, but the industry expects an explosion of AI hardware shipments.

Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.

Apple and Nvidia supplier Foxconn posted a record topline in Q4 driven by higher cloud and networking and strong demand from AI servers.

A cloud infrastructure company that works with Nvidia bought six buildings in Sunnyvale. Foxconn said its subsidiary, Ingrasys Technology USA, purchased the properties for an estimated $128 million.

Taiwan’s Foxconn 2317-1.86%decrease; red down pointing triangle raked in a record amount of revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial ...

Buoyed by their impressive performance, the companies are busy expanding into new products and places. Contract manufacturers have also been expanding into new industries. In October Foxconn unveiled two new electric-vehicle designs,

TSMC’s strong Q4 earnings and AI-driven growth indicate promising potential. Find out why TSM stock offers a compelling buy despite geopolitical risks.

Foxconn's fourth quarter 2024 revenue surged 15.17%, setting a record for the highest revenue ever, driven by strong demand in AI.

Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia (NVDA.O), opens new tab. For smart ...

Stocks were mostly higher Monday at the start of the first full week of 2025, as investors eyed technology innovations and a report circulated that the incoming presidential administration might scale back tariff plans.