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Investors in Foxconn Industrial Internet (SHSE:601138) Have Seen Stellar Returns of 131% Over the Past Three Years
Nvidia Stock Rises as Foxconn's Sales Adds to Evidence AI Trade Is Alive and Well
Research Reports Digging Gold丨Tianfeng: Foxconn Industrial Internet's revenue and net profit both reached new highs in 2024, maintaining a "Buy" rating.
A recent research report from Tianfeng points out that Foxconn Industrial Internet (601138.SH) will achieve record-high revenue and net profit in 2024, with income from AI servers increasing by over 150%. In 2024, the revenue growth in the Cloud Computing Service sector will be significant, achieving more than 50% growth compared to the same period last year, accounting for more than half of the company's overall revenue for the first time. Revenue from AI servers significantly surpassed 1.5 times year-on-year, with its proportion of total server revenue rising from 30% to over 40%. Revenue from general servers grew by 20% year-on-year, outperforming the overall market trend. Looking at customer categories, revenue from servers for Cloud Computing Service providers grew by over 80% compared to the same period last year.
Trump said: tariffs Apple Ukraine sweep the swing states.
The speech reiterated that a 25% tariff on imported Autos will be implemented starting April 2; Apple CEO Tim Cook promised this week to move manufacturing from Mexico to the USA; Note: It is currently unclear which manufacturing facilities Trump refers to, as Fujifilm Holdings Corporation Unsponsored ADR (Foxconn) has a large manufacturing base in Mexico and plans to expand its local Business. AI companies will be allowed to have their own power plants; The USA is negotiating with Russia and Ukraine; He posted on his Social Media platform Truth Social, stating: I won the presidential election by a landslide, securing all seven.
Trump: The CEO of Apple agreed to move production facilities from Mexico to the USA.
US President Trump stated at a governors' conference that Apple CEO Tim Cook promised him this week to relocate manufacturing from Mexico to the USA. Trump said on Friday that Cook "closed two factories in Mexico" and will produce products in the USA, with the company also committing to invest hundreds of millions of dollars in the USA. "They do not want to get caught up in tariffs," Trump said. It is still unclear which manufacturing facilities Trump was referring to, as Foxconn, responsible for iPhone production, has large manufacturing bases in Mexico and plans to expand its Business locally. A representative for Apple has not yet responded to a request for comment.
Foxconn Industrial Internet Co., Ltd. 2024 Annual Results Express Announcement
