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

KEY TAKEAWAYSChip stocks are surging in premarket trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.Foxconn, whose formal name is Hon Hai Precision Industry, attributed the gains strong demand from AI servers.Shares of Nvidia, AMD, TSMC, and ASML are all rising. Chip stocks are surging in premarket trading Monday after Taiwan's Foxconn, which assembles Apple (AAPL) iPhones and Nvidia (NVDA) products, posted record fourth-qua ...