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MarketBeat
MarketBeat
Jeffrey Neal Johnson

Apple’s Silent Partner Just Validated the Hardware Boom

Apple Foxconn TSM AMD MarketBeat Nasdaq Nvidia

With the market swirling with speculation about the future of artificial intelligence (AI), it can be difficult to separate hype from reality.

While many investors focus on the lofty promises of AI software, the most definitive signal of the boom’s acceleration is coming directly from the factory floor. Hon Hai Precision Industry (OTCMKTS: HNHPF), better known as Foxconn, just posted a 29.7% year-over-year (YOY) revenue surge in its first quarter, a number that speaks louder than any forecast.

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