NVDA
📈 Hon Hai (Foxconn), a key supplier for Nvidia’s AI servers and Apple’s iPhones, reported its fastest Q1 sales growth since 2022, driven by resilient data center demand.
💡 This strong performance from a major supplier serves as a very positive signal for Nvidia and the broader AI sector, indicating continued heavy investment despite market fears.
💰 Demand for AI computing power from major tech companies like Alphabet and Amazon remains robust, underpinning the growth trajectory for companies like Nvidia involved in AI infrastructure.
@bernardodegarcia:
“The AI market continues on fire, even though, well, you know, we have Nvidia and semiconductors that, in the end, are going to hell. Surprise, right? And ah, we’ll stick with Nvidia, although we could go to Apple because it’s all the same to me. It’s all the same. Ugh, Apple, no, in the end, you’ll be interesting. Forward P/E of 25, well anyway. Ah, Nvidia, because we have the monthly results of ah, no, not monthly, excuse me, we’re already in the quarterly results of Hon Hai, of Foxconn. And its first-quarter sales grew at the fastest pace since 2022. What a surprise! Thanks to the resilience of data center demand. Oh my God! But Microsoft told us the world was ending, sell everything! But it’s not like that. And this is obviously a very clear, ah, very positive signal for the artificial intelligence sector amidst fears generated by tariffs and all this sell-off and whatnot. What exactly is happening with companies? They continue spending, continue investing in AI because that’s where the meat is. The Taiwanese supplier of AI servers for Nvidia, for example, and iPhones for Apple, benefits from the growing demand for servers to power AI computation from companies like Alphabet, Amazon, and other companies that we also can’t ignore.”
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