Hon Hai aka Foxconn big jump in shares after bullish AI sales outlook

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The top assembler of Apple's iPhones initially missed out on the AI boom, but investors and analysts predict it will capture a larger market share

. This surge comes after the company’s optimistic outlook for its AI hardware sales growth this year, The Edge Singapore reports.

Following this announcement, Hon Hai shares surged by up to 9.5% in Taipei on Friday, driven by optimism about AI demand. In its recent financial report, Hon Hai disclosed a 33% surge in net income to NT$53.2 billion for the quarter ending December, surpassing analyst estimates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines