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Foxconn Eyes Strong Q1 on AI Rack Surge
5 Feb
Summary
- Foxconn anticipates a better-than-average first quarter performance.
- January revenue saw a significant 35.5% increase year-on-year.
- Demand for AI racks and smart consumer electronics exceeds expectations.
Foxconn anticipates a robust performance for the first quarter, building on a significant 35.5% year-on-year increase in January revenue. The company, a key supplier for Nvidia, highlighted that shipments of AI racks are steadily growing.
Furthermore, sales of smart consumer electronics have also performed better than initially projected. Based on these positive trends, Foxconn expects its first-quarter results to exceed the typical performance seen over the last five years.
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