Previous close | 3.2561 |
Open | 3.2561 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 3.2561 - 3.2561 |
52-week range | 3.2561 - 3.2561 |
Volume | |
Avg. volume | 0 |
Market cap | 45.135B |
Beta (5Y monthly) | 0.58 |
PE ratio (TTM) | 9.58 |
EPS (TTM) | 0.3400 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 05 Jul 2023 |
1y target est | N/A |
Indigo Technologies, a robotics focused Smart EV OEM with breakthrough road sensing SmartWheels™ invented by team out of MIT, today announced it has received a strategic investment from Hon Hai Technology Group (Foxconn). The investment, which recently gained regulatory approval after being first announced late last year, accelerates Indigo, the US automotive tech innovator in its development of smart, smooth and efficient light utility EVs designed for sustainable ride hail, delivery and autono
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.
Foxconn the company that assembles iPhones for Apple on Thursday predicted strong growth in its artificial intelligence-powered server industry. Shares of Hon Hai Precision Industry as the company is officially called, are already up 16% this year. Foxconn set low expectations for revenue in the first quarter of this year, saying it will weaken before picking up later on.