By Annika Masrani
Publication Date: 2025-11-12 12:55:00
Nvidia shares (NVDA) edged higher Wednesday after Foxconn Technology Group (HNHPF) reported strong demand for artificial intelligence hardware, giving investors another sign that the AI buildout remains in full swing ahead of Nvidia’s next earnings report.
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The chipmaker’s stock rose about 1.6% in premarket trading to $196.24, reversing some of Tuesday’s losses after SoftBank (SFTBY) disclosed a $5.8 billion sale of Nvidia shares. The move comes just days before Nvidia reports quarterly results on Nov. 19, where investors will be watching closely for any signs that demand for its data center and AI products is still expanding.
Foxconn Expands Its AI Footprint
Foxconn, best known as Apple’s (AAPL) primary iPhone manufacturer, said Wednesday that cloud and networking products, including AI servers, now make up 42% of its total revenue. The segment has overtaken smart consumer electronics as the company’s largest business line for the second straight quarter.
The Taiwanese company reported cumulative AI server revenue of 1 trillion New Taiwan dollars (about $32.2 billion) as of the end of September. This growth has been fueled by global demand for Nvidia-powered systems used to train and run large AI models.
Foxconn’s results come amid growing partnerships between the two companies. The manufacturer has worked alongside Nvidia on several AI infrastructure projects, helping expand the production capacity needed to meet surging…