Taiwanese electronics giant Foxconn reported a record fourth-quarter revenue of $63.9 billion, up 15% year-over-year, driven by growth in cloud and networking products, including AI servers from Nvidia. The company’s bumper sales performance boosted shares of several semiconductor firms across Asia, Europe, and the US, with TSMC hitting a record high and Nvidia closing up over 3%. Microsoft’s plan to invest $80 billion in data centers for AI workloads also contributed to the chip stock surge.
Source: https://www.cnbc.com/2025/01/06/global-chip-stocks-climb-on-foxconn-results-ai-server-demand.html