Foxconn Sees Q3 Beating Expectations on AI Demand, August Revenue Hits Record
NVDA sits 40% above its 52-week low of $164.07.
Summary
Foxconn, NVIDIA's largest server manufacturer, said Q3 performance will outperform market expectations on strong AI demand, with August revenue up 51.98% YoY to a record T$921.8B. This is a direct read-through for NVIDIA's AI server supply chain, reinforcing the demand narrative after NVIDIA's own Q2 revenue doubled to $96.2B. Foxconn's improved visibility and peak ICT season suggest continued strength in AI infrastructure orders. The company also flagged volatile global politics as a risk, but no specifics were given. Watch for Foxconn's formal Q3 results and any updates on NVIDIA's supply commitments, which surged to $279B last quarter.
At the time of this announcement, NVDA was trading at $229.49 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.6T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.