Jakub Polzyk | Null Photo | Getty Images
Global semiconductor stocks rise on Monday after deal with electronics giant foxconn reported record fourth-quarter earnings, suggesting there’s still room for the artificial intelligence boom to continue.
Hon Hai Precision Industry, which operates internationally as Foxconn, said in a statement on Sunday that its fourth-quarter revenue totaled NT$2.1 trillion ($63.9 billion), an increase of 15% from a year earlier. Announced.
Foxconn — a supplier of apple — The company also set a record with its highest ever fourth-quarter sales, according to a statement.
The company’s strong revenue performance was driven by growth in its cloud and networking products, including AI servers like those designed by chipmakers and others. Nvidia — and components and other product segments.
Computing products and smart home appliances, including iPhones and other smartphones, saw “slight declines”, Foxconn said.
As a result, the stock prices of several semiconductor companies in Asia, Europe, and the United States rose.
In Asia, Taiwan Semiconductor Manufacturing Co., Ltd. It hit a record high on Monday, closing up nearly 5% in Taiwan.
TSMC, the world’s largest semiconductor manufacturer, manufactures chips for: advanced micro device And Nvidia.
Other Asian semiconductor companies also posted gains, with South Korea’s SK Hynix and Samsung rising nearly 10% and 4%, respectively.
In Europe, the shares of ASML, an important global semiconductor equipment company, ended up 8.7%, while the shares of fellow Dutch semiconductor company ASMI ended up 6.2%. Germany’s Infineon soared nearly 7%.
The Paris-listed shares of European contract semiconductor maker STMicroelectronics rose nearly 7.9%.
In the US, Nvidia rose almost 5%, boosted by Foxconn’s numbers, topping $150 for the first time since November.
Nvidia CEO Jensen Huang is scheduled to give a keynote speech at the 2025 Consumer Electronics Show later in the day.
Also boosting chip stocks more generally is Microsoft’s announcement over the weekend that it plans to invest $80 billion in 2025 in data centers that can handle AI workloads.
Microsoft is one of the tech giants spending heavily on Nvidia’s GPUs (graphics processing units) to train and run cutting-edge AI models.
Nvidia’s closest rival, AMD, rose more than 3% on Monday, while fellow U.S. chip company Qualcomm and broadcom It also rose by about 3%.
