The chip maker's shares could do with a boost, having tumbled 15% over the past month.
Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.
Foxconn Technology Group reported weaker-than-expected quarterly results as the world's largest contract electronics maker continued moving into growth areas such as artificial intelligence and electric vehicles.
Taiwan's Foxconn , the world's largest contract electronics maker, reported a 13% drop in fourth-quarter profit as weak performance in its consumer electronics division offset strength in its AI server segment business.
Taiwan's Foxconn , the world's largest contract electronics maker, is expected to report on Friday that fourth-quarter profit rose 2.35% on strong demand for artificial intelligence servers.
Taiwan's Foxconn said on Monday it has launched its first large language model and plans to use the technology to improve manufacturing and supply chain management.
The world's largest contract electronics maker said that aided by Nvidia it had built a large language model with reasoning capabilities, developed in-house and trained in four weeks.
Foxconn's revenue growth is driven by AI, cloud computing, and new product launches, but faces challenges from tariffs and fluctuating demand. Despite a P/E ratio of 20.25x, Foxconn's core profitability and cash flow are under pressure, raising concerns about its valuation. Tariff risks and production challenges could disrupt efficiency and demand, while weak returns on capital highlight inefficiencies in converting investments into shareholder value.
Super Micro was rising after AI server peer Foxconn said it expects a strong first quarter.
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Wednesday that its February revenue jumped 56.43% year on year.
Taiwan's Foxconn , the world's largest contract electronics manufacturer and Apple's main iPhone maker, can plan its production around new U.S. tariffs, the company's chairman said on Wednesday.
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Monday that its January revenue rose 3.16% on year.