Nvidia CEO Jensen HuangSlaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BIChip stocks surged on Monday after Foxconn's earnings pointed to strong demand for AI servers.The company reported a record $64.75 billion in revenue for the fourth quarter, up 15% from a year earlier.Nvidia, AMD, Micron, Taiwan Semiconductor Manufacturing, and ASML all gained.Chip stocks are starting the week off on a high note after tech manufacturer Foxconn reported a solid earnings beat, pointing to strong demand for artificial intelligence servers.Nvidia rallied 5% Monday, joining other US chip stocks like Advanced Micro Devices and Micron Technology, up 4% and 12%, respectively.
Chip Stocks Soar As Solid Earnings From Top Tech Manufacturer Foxconn Point To Big Ai Demand
kcloonan@insider.com (Kelly Cloonan), Business Insider
Mon, 01/06/2025 - 11:46am
Topics: nvidia ceo jensen vlasic/getty images the new york times chelsea jia feng/bichip amd advanced micro devices micron technology qualcomm new taiwan nt factset apple ceo consumer electronics show vegas microsoft s&p business insider nvidia ceo jensen nvidia huang las foxconn ai micron taiwan semiconductor manufacturing asml soar demand chip stocks solid earnings revenue company strong growth quarter year reported monday record fourth positive billion rallied surged week rally trillion high analysts networking cloud years
BING NEWS:
- Chip stocks soar as solid earnings from top tech manufacturer Foxconn point to big AI demand
Chip stocks are starting the week off on a high note after tech manufacturer Foxconn reported a solid earnings beat, pointing to strong demand for artificial intelligence servers. Nvidia rallied 5% ...
01/6/2025 - 6:16 am | View Link - Chip stocks soar as solid earnings from top tech manufacturer Foxconn point to big AI demand
Chip stocks are starting the week off on a high note after tech manufacturer Foxconn reported a solid earnings beat, pointing to strong demand for artificial intelligence servers. Nvidia rallied 5 ...
01/6/2025 - 5:46 am | View Link - More
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