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Global semiconductor stocks climbed Monday after contract electronics giant Foxconn announced record fourth-quarter revenue, suggesting the synthetic intelligence boom has way more room to run.
Hon Hai Precision Industry, which does business as Foxconn internationally, said in a Sunday statement that the corporate’s fourth-quarter revenue totaled 2.1 trillion Latest Taiwan dollars ($63.9 billion), growing 15% yr over yr.
Foxconn — which is a supplier to Apple — also set a record, posting the very best fourth-quarter revenue ever in company history, in accordance with the statement.
The firm’s bumper revenue performance was driven by growth in its cloud and networking products — which incorporates AI servers like those designed by the likes of chipmaker Nvidia — and components and other product segments.
Computing products and smart consumer electronics — which numbers iPhone and other smartphones — saw “slight declines,” Foxconn said.
Shares of several semiconductor firms across Asia, Europe and the U.S. rose, consequently.
In Asia, Taiwan Semiconductor Manufacturing Co. hit a record high Monday and closed up almost 5% in Taiwan.
The biggest semiconductor manufacturer globally, TSMC produces chips for the likes of Advanced Micro Devices and Nvidia.
Other Asian chip firms also logged share price gains — South Korea’s SK Hynix and Samsung rose nearly 10% and 4%, respectively.
In Europe, global critical semiconductor equipment firm ASML saw its shares close 8.7% higher, while fellow Dutch chip company ASMI’s stock closed up 6.2%. Germany’s Infineon surged nearly 7%.
Paris-listed shares of European contract chipmaker STMicroelectronics rose nearly 7.9%.
Stateside, Nvidia got a lift from the Foxconn numbers, climbing almost 5% and breaking above $150 for the primary time since November.
Jensen Huang, Nvidia’s CEO, is slated to deliver a keynote address at the 2025 Consumer Electronics Show 2025 later within the day.
Also boosting chip stocks more generally is Microsoft’s announcement at the top of last week about plans to take a position $80 billion in 2025 on data centers that may handle AI workloads.
Microsoft is one in every of several tech giants splurging on GPUs, or graphics processing units, from Nvidia to coach and run probably the most advanced AI models.
AMD, Nvidia’s closest rival, rose over 3% Monday, while fellow U.S. chip firms Qualcomm and Broadcom also climbed roughly 3%.
