$NVIDIA Corp(NVDA)$ ππΊπ ±οΈππ »π »π Έππ ·
$NVDA is still too cheap!
Nvidia to partner with SoftBank to build Japan's largest AI Factory, Nvidia DGX 25 EF.
SoftBank acquired a 4.9% stake in Nvidia but sold it for around $4 billion in 2019.
If they had held onto it, that stake would now be valued at over $175 billion.
And Masayoshi Son believes $NVDA is still undervalued. Respect!
π¨π°ποΈπ¨π°ποΈ
Foxconn forecast AI servers would account for 50% of its total server revenue next year.
TAIPEI - Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.
The firm, a key supplier to Apple and Nvidia , kept its 2024 guidance of "significant" sales growth and forecast AI servers would account for 50% of its total server revenue next year.
Foxconn said last month it was building the world's largest manufacturing facility in Mexico for bundling Nvidia's GB200 superchips, a key component of the U.S. firm's next-generation Blackwell family computing platform.
Underscoring Foxconn's rosy prospects, October sales hit a record high for the month and the company, formally called Hon Hai Precision Industry, has said it expects fourth-quarter revenue to grow year-on-year.
It does not provide numerical guidance.
Net profit for July-September for Apple's top iPhone assembler came in at T$49.3 billion ($1.5 billion), according to Reuters calculations.
That marked a fifth consecutive quarter of profit growth and compared with a T$46.3 billion LSEG consensus estimate of 14 analysts.
Last month, the company said third-quarter revenue jumped 20% from a year earlier, beating expectations to post its highest-ever revenue for that quarter on strong sales of AI servers.
Foxconn's shares have doubled so far in 2024, beating the broader market's 28% gain, buoyed by its confident outlook on AI.
They closed down 1.4% on Thursday ahead of the earnings release.
($1 = 32.4140 Taiwan dollars).
@Tiger_comments @Daily_Discussion @TigerObserver @TigerPicks @TigerStars @TigerPM @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Sorry! I can't answer this question.
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?