Chip Stocks Climb After AI Demand Fuels Foxconn Growth -- Market Talk

Dow Jones

Jan 06, 2025

0920 GMT - Shares of chip stocks in Asia and Europe are up after Taiwan's Foxconn posted revenue above analysts' expectations for the fourth quarter. The assembler of Apple and Nvidia products, formally known as Hon Hai Precision Industry, reported higher sales amid robust demand for servers to power artificial intelligence. The company also forecast significant growth in first-quarter sales. In Asia, shares of Taiwan Semiconductor Manufacturing Co. closed nearly 4.7% higher. South Korean memory-chip maker SK Hynix--which supplies Nvidia--gained 9.8%. In Europe, shares of German chip maker Infineon Technologies are up 6.9%, while STMicroelectronics is up 5.4%. Shares of Dutch semiconductor-equipment maker ASML Holding are up 5.3% in Amsterdam. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

January 06, 2025 04:20 ET (09:20 GMT)

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The assembler of Apple and Nvidia products, formally known as Hon Hai Precision Industry, reported higher sales amid robust demand for servers to power artificial intelligence. The company also forecast significant growth in first-quarter sales. In Asia, shares of Taiwan Semiconductor Manufacturing Co. closed nearly 4.7% higher. South Korean memory-chip maker SK Hynix--which supplies Nvidia--gained 9.8%. In Europe, shares of German chip maker Infineon Technologies are up 6.9%, while STMicroelectronics is up 5.4%. Shares of Dutch semiconductor-equipment maker ASML Holding are up 5.3% in Amsterdam. (mauro.orru@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2025 04:20 ET (09:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chip Stocks Climb After AI Demand Fuels Foxconn Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChip Stocks Climb After AI Demand Fuels Foxconn Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-06 17:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0920 GMT - Shares of chip stocks in Asia and Europe are up after Taiwan's Foxconn posted revenue above analysts' expectations for the fourth quarter. The assembler of Apple and Nvidia products, formally known as Hon Hai Precision Industry, reported higher sales amid robust demand for servers to power artificial intelligence. The company also forecast significant growth in first-quarter sales. In Asia, shares of Taiwan Semiconductor Manufacturing Co. closed nearly 4.7% higher. South Korean memory-chip maker SK Hynix--which supplies Nvidia--gained 9.8%. In Europe, shares of German chip maker Infineon Technologies are up 6.9%, while STMicroelectronics is up 5.4%. Shares of Dutch semiconductor-equipment maker ASML Holding are up 5.3% in Amsterdam. (mauro.orru@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2025 04:20 ET (09:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0034235295.USD","symbol_name":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501288012","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501288012","pubTimestamp":1736155200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0920 GMT - Shares of chip stocks in Asia and Europe are up after Taiwan's Foxconn posted revenue above analysts' expectations for the fourth quarter. 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The assembler of Apple and Nvidia products, formally known as Hon Hai Precision Industry, reported higher sales amid robust demand for servers to power artificial intelligence. The company also forecast significant growth in first-quarter sales. In Asia, shares of Taiwan Semiconductor Manufacturing Co. closed nearly 4.7% higher. South Korean memory-chip maker SK Hynix--which supplies Nvidia--gained 9.8%. In Europe, shares of German chip maker Infineon Technologies are up 6.9%, while STMicroelectronics is up 5.4%. Shares of Dutch semiconductor-equipment maker ASML Holding are up 5.3% in Amsterdam. (mauro.orru@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2025 04:20 ET (09:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}