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Nvidia Partner Hon Hai’s Sales Rise 46% Thanks to AI Demand

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Nvidia Partner Hon Hai’s Sales Rise 46% Thanks to AI Demand Takeaways by Bloomberg AI Hon Hai Precision Industry Co. reported a 46% jump in October sales, reflecting resilient demand for the Nvidia Corp. servers central to a global AI infrastructure build-out. Revenue rose to NT$1.31 trillion ($39.7 billion) last month, Hon Hai said in a statement. Analysts on average were looking for about a 30% increase in sales over the three months ending December.

Nvidia Partner Hon Hai’s Sales Rise 46% Thanks to AI Demand Takeaways by Bloomberg AI Hon Hai Precision Industry Co. reported a 46% jump in October sales, reflecting resilient demand for the Nvidia Corp. servers central to a global AI infrastructure build-out. Revenue rose to NT$1.31 trillion ($39.7 billion) last month, Hon Hai said in a statement. Analysts on average were looking for about a 30% increase in sales over the three months ending December.
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Originally published by Bloomberg Technology Read original →