Nvidia (NVDA) Stock Gains After Foxconn Reports Strong AI Server Demand

TLDR Nvidia stock rose 1.6% in premarket trading Wednesday after Foxconn reported strong AI hardware demand Foxconn’s cloud and networking products, including AI servers, now represent 42% of total revenue, making it the company’s largest business segment Foxconn reported cumulative AI server revenue of 1 trillion New Taiwan dollars ($32.2 billion) through the end of [...]

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