Foxconn Profit Rises on AI Server Demand, Expects Continued Growth

Hon Hai Precision Industry Co., a major Apple Inc. manufacturer, reported increased profits in the last quarter due to strong demand for AI servers. The company expects this growth to continue throughout the year, fueled by its expanding AI server business and recovering iPhone sales. While overall smartphone sales are projected to remain stable, Hon Hai anticipates growth in other areas like cloud computing and components. Investors are optimistic about the company`s focus on AI, driving up share prices significantly this year.