Previous Close | 136.00 |
Open | 133.00 |
Bid | 135.50 x 0 |
Ask | 136.00 x 0 |
Day's Range | 130.00 - 136.00 |
52 Week Range | 94.00 - 137.00 |
Volume | |
Avg. Volume | 55,360,464 |
Market Cap | 1.885T |
Beta (5Y Monthly) | 0.58 |
PE Ratio (TTM) | 13.52 |
EPS (TTM) | 10.06 |
Earnings Date | May 09, 2024 - May 13, 2024 |
Forward Dividend & Yield | 5.30 (3.90%) |
Ex-Dividend Date | Jul 04, 2023 |
1y Target Est | 148.47 |
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Index inclusion and a competitive advantage in AI servers bodes well for the company.
(Bloomberg) -- Hon Hai Precision Industry Co. shares saw their biggest intraday jump in more than three years after the company forecast strong growth for its AI hardware sales this year.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamMusk Says His Ketamine Prescription Is in Investors’ Best InterestsNvidia Unveils Successor to Its All-Conquering AI ProcessorPutin Warns Russia Won’t Stop Aft
TAIPEI (Reuters) -Shares of Apple supplier Foxconn rose as much as 9.5% early on Friday to their highest in three years, a day after it reported a fourth-quarter profit that beat expectations and forecast a bullish outlook for this year due to booming demand for AI servers. Foxconn, formally called Hon Hai Precision Industry Co Ltd, on Thursday reported a bigger-than-expected 33% jump in net profit for the fourth quarter and said it was also looking for a significant rise in revenue this year. "We view Hon Hai as a major beneficiary of Nvidia’s next-generation AI server products with increasing AI server assemblies/racks orders," analysts at Daiwa Capital Markets wrote in a note after the earnings briefing.