Nvidia, TSMC, Other AI Chip Stocks Surge as Foxconn Posts Record Revenue

Foxconn's Record Revenue and AI Demand - Foxconn (Hon Hai Precision Industry) reported a 15% year-over-year increase in Q4 revenue, reaching NT$2.132 trillion ($65.09 billion), driven by strong demand for AI technologies [1] - December sales surged 42% to NT$654.83 billion, reflecting robust growth in AI server demand [1] - Foxconn's shares rose 2% in Taiwanese trading following the announcement [2] AI Chip Companies' Stock Performance - Nvidia shares increased by 2% in premarket trading ahead of CEO Jensen Huang's CES keynote [3] - Advanced Micro Devices (AMD) and Micron Technology (MU) shares rose 3% and 4%, respectively, in premarket trading [3] - Taiwan Semiconductor Manufacturing Co (TSMC) and ASML Holding shares surged 4.5% and 6%, respectively, in premarket trading [4] Industry Impact of AI Boom - The surge in chip stocks is attributed to the booming demand for AI technologies, as highlighted by Foxconn's record revenue [1][4] - AI server demand is a key driver behind the strong revenue growth for Foxconn and the positive performance of related chip companies [2][4]