Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
US Judge Dismisses Gautam Adani Criminal Charges 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Airbus Joins Air India A320 Altitude Drop Probe 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Foxconn (SS:601138), the world’s largest contract electronics manufacturer and key supplier for Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA), is expected to report a 2.35% rise in fourth-quarter profit, driven by strong demand for artificial intelligence (AI) servers. Analysts estimate Foxconn’s net profit for October-December reached T$54.4 billion ($1.65 billion), up from T$53.15 billion a year ago, according to an LSEG consensus.
In January, the company, officially known as Hon Hai Precision Industry (TW:2317), reported a record-breaking 15.2% year-over-year increase in fourth-quarter revenue, fueled by robust AI server sales. Foxconn anticipates strong first-quarter growth, exceeding the average performance of the past five years, though it has not provided specific numerical guidance.
However, escalating trade tensions pose challenges. With significant manufacturing operations in China and Mexico, Foxconn faces increased import tariffs under U.S. President Donald Trump’s trade policies, potentially impacting future earnings. The company's stock has already dropped 8.7% this year amid tariff concerns.
Despite these challenges, Apple recently announced plans to collaborate with Foxconn on a 250,000-square-foot (23,200-square-meter) server assembly facility in Houston to power Apple Intelligence data centers. This move underscores Foxconn’s strategic role in the expanding AI and cloud computing market.
Foxconn will hold its earnings call at 3 p.m. Taipei time (0700 GMT) on Friday, providing further insight into its 2024 outlook. Investors and analysts will closely watch for updates on how trade policies and AI-driven demand will shape the company's growth in the coming months.
