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ConfirmedMarkets & deals12 Nov, 07:02 UTC

Foxconn Q3 profit rises 34% to T$77.5bn, beating forecasts; sees 'high double digit' AI rack growth in 2027

File photo: Hon Hai Precision Industry (Foxconn) Dingpu plant in Taiwan
Padai, CC BY-SA 4.0, via Wikimedia Commons

Nvidia's biggest server maker reported July–September net profit of T$77.5 billion ($2.35 billion) against an LSEG consensus of T$69.6 billion and T$57.7 billion a year earlier, Reuters reported; it said AI demand stays strong into next year.

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