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We Think Foxconn Industrial Internet (SHSE:601138) Can Manage Its Debt With Ease
BOCI: It is expected that photovoltaic modules and copper connections will be the first sectors of AI upstream hardware to achieve performance.
In 2024, the ambitious vision for AI in 2023 will be validated. It is expected that light modules and copper connections will be the first sectors in hardware to realize performance in the upstream of AI.
Foxconn Industrial Internet H1 Profit Up 22%, Operating Income Rises 29%
Foxconn Logs Higher H1 Net Profit, Revenue
Research reports show that Foxconn Industrial Internet's AI server revenue is growing rapidly, maintaining an 'outperform' rating in the industry.
According to a research report from China International Capital Corporation, Foxconn Industrial Internet (601138.SH) Q2 2024 results met previous forecasts and our expectations. The revenue of AI servers in the first half of 2024 has increased sharply, and we are bullish on the acceleration of AI-related business volume. In addition, exchange rate fluctuations in the second quarter have also caused non-recurring net income disturbances. The company said that if the exchange rate impact is excluded, the total profit in the second quarter increased by 25% year-on-year, reflecting the company's continued improvement in profitability. Looking forward, we are bullish on the profit increment brought by the production of GB 200 servers from Nvidia in the cloud computing business. As for network equipment, considering the rebound in communication-related demand and AI-related switches and other products.
fujifilm holdings corporation unsponsored adr's 2024 half-year report
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