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Nvidia, chip stocks pop after Foxconn reports record revenue
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Nvidia, TSMC, Other AI Chip Stocks Surge as Foxconn Posts Record Revenue
Why Nvidia Stock Rallied to a Record High Monday Morning
Nvidia ( NVDA 4.05%) stock hit a new all-time high Monday morning, shaking off its mid-December slump and jumping as much as 5.3%. As of 1:19 p.m. ET, the stock was still up 4.7%. There were a couple of developments that sent the artificial intelligence (AI) chipmaker higher, as shareholders eagerly await an update from the company's rock star CEO.
Nvidia jumped during early market action on Monday after Foxconn Technology reported its highest fourth quarter revenue on record. Read more here.
Leading market analysts highlighted Foxconn's surprise Q4 performance, with Jim Cramer suggesting investors may have overlooked the company.
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Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.
Nvidia shares climbed to close at an all-time high Monday after supplier Foxconn reported record fourth-quarter revenue, and ahead of a keynote address from Nvidia CEO Jensen Huang at a major consumer electronics show.
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Taiwan's Foxconn , the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.
US stocks finished mixed Monday, as investors plowed money into the semiconductor sector following strong results from Taiwan-based Foxconn, helping spur chip designer Nvidia to a fresh record.
Nvidia traded slightly higher after Jensen Huang's CES keynote. Traders are eyeing key economic data later in the week.
Chip stocks rose sharply on Monday, partly due to a solid earnings report from Foxconn, which pointed to continued AI demand.
Related: Veteran fund manager reveals shocking Nvidia stock price target for 2025 The owners formed the first inspection society on the European continent. The organization eventually grew into TUV, a group of independent service companies that provide testing,
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Nvidia’s Jensen Huang hasn’t received his Mar-a-Lago invite yet – Is AI a Trump priority?Nvidia CEO Jensen Huang has yet to meet President-elect Trump, highlighting trade tensions and AI policy divides in the tech industry.
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