Nvidia's stock reached a record high, driven by strong investor confidence in the company's AI capabilities. Foxconn's record revenue, largely attributed to AI server sales, further emphasizes the booming AI sector.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, was also added to the list. Tencent said in a statement that its inclusion on the list was'clearly a mistake.'that use the same Blackwell architecture behind the company's fastest AI processors for servers and data centers.
Even though Nvidia began life as a chipmaker for games, Wall Street is not as enthused about that as it is about the chipmaker's AI business., said in a Sunday statement that the company's fourth-quarter revenue, which grew 15% year over year, was the highest ever in the company's history for that period. Foxconn's numbers suggest that artificial intelligence is still hot,U.S. stocks had a banner year in 2024. Passive investors who simply bought an exchange-traded fund tracking the S&P would have received more than 20% in returns. However, a handful of actively managed funds marketed in Europe outperformed that gain, with Semiconductor stocks jumped on Monday, lifted by buoyant news regarding the artificial intelligence sector. Foxconn reported record fourth-quarter revenue that was partly powered by growth in its cloud and networking products, which includes AI servers like those designed by Nvidia.Those reports suggest that companies are continuing to invest heavily in AI, and the peak hasn't yet been crested. Riding on the back of such tailwinds, Nvidia shares jumped 3.4% — their third straight day of gains — to close at a record $149.43. The company's stock inched up further in extended trading, and is currently above the $150 level.dipped 0.06%. The index shed earlier gains accrued when it was reported that Trump might soften his tariffs on imports, which would have benefited its constituent blue-chip companies such as those in the consumer discretionary secto
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