🚨 Foxconn Posts Record Q2 Revenue! 💰
Taiwanese tech giant Foxconn just reported T$1.797 trillion ($55.2B) in Q2 revenue — a 15.82% YoY surge, smashing expectations! 📈
🔥 What’s driving it?
• Soaring demand for AI chips & cloud computing hardware
• Strong performance in cloud + networking (hello, Nvidia)
• June revenue hit an all-time monthly high
📱 iPhone sales stayed flat, but Foxconn’s AI exposure is paying off in a big way.
⚠️ Still, they’re sounding the alarm on:
• Global political tensions
• Currency volatility
• Trade risks (👀 Trump’s new tariff threats)
📉 Stock is down 12.5% YTD, after a massive 76% run in 2023.
🗓️ Full Q2 earnings drop August 14.
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