Foxconn's revenue in November surged, indicating strong demand for AI.

Foxconn's November revenue increased by 26%, indicating strong demand for Nvidia servers in the midst of booming development in artificial intelligence. The company reported revenue of 844.3 billion Taiwan dollars, with growth accelerating from the previous month and the third quarter. Market forecasts for its fourth quarter sales growth are at 14%. Foxconn produces servers carrying data center chips and is a key participant in the AI hardware industry with Nvidia at its core. The company has benefited from major American companies like Meta and Amazon investing heavily in purchasing equipment for training and running AI, but concerns about oversupply persist due to uncertain prospects for monetizing this technology.