The Dow Jones Industrial Average (DJIA) is rising Monday as investors celebrate the latest Foxconn earnings report, which is listed as Hon Hai Precision Industry (HNHPF) on the OTC. That’s ...

Semiconductor stocks soared after Foxconn, a key NVIDIA NVDA server partner, reported record fourth-quarter revenues and a robust sales forecast, reinforcing optimism on AI-driven growth.

Foxconn (OTCPK:FXCOF) has stopped new work rotations for its Chinese employees at its Apple (NASDAQ:AAPL) iPhone factories in India, and is sending Taiwanese workers instead, Rest of World reported Saturday,

Foxconn's December surge may reflect the availability of Nvidia's (NASDAQ: NVDA) new Blackwell chip. The rollout of that hardware had been delayed, but production was supposed to ramp up in late Q4.

Nvidia (NASDAQ:NVDA) jumped during early market action on Monday after Foxconn Technology (OTCPK:FXCOF) reported its highest fourth quarter revenue on record. Foxconn said due to strong demand from AI servers,

and the Nasdaq Composite index was up 0.1%. The broader market is rallying today, and the semiconductor industry is seeing particularly strong bullish momentum thanks to Foxconn's recent quarterly ...

Benchmark S&P 500 and the Nasdaq Composite fell on Tuesday as yields on Treasury bills rose, dampening sentiments across the market. At the time of writing, the S&P 500 index was down 0.3%, while the Nasdaq Composite shed 0.

The world's largest contract electronics manufacturer reported on Sunday a 15.2% increase in revenue for Q4 2024, reaching T$2.13 trillion ($64.72 billion). This slightly surpassed the T$2.1 trillion median forecast, driven primarily by robust demand for artificial intelligence (AI) servers.

The S&P 500 gained 0.55% to close at 5,975.38. The Nasdaq Composite advanced 1.24% to end at 19,864.98. The Dow Jones Industrial Average lagged, losing 25.57 points, or 0.06%, to close at 42,706.56.

In contrast, the S&P 500 and Nasdaq Composite both registered gains ... in line with a broader sector optimism, after Foxconn’s record-breaking revenues gave the latest indication that demand for artificial intelligence infrastructure is set to jump ...

Tech stocks underperformed as investors took profit on the victors of 2024 and looked for this year’s winner. But a long-term rotation out of AI isn’t likely.

Tech stocks underperformed as investors took profit on the victors of 2024 and looked for this year’s winner. But a long-term rotation out of AI isn’t likely.