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Foxconn reports 34% Q3 profit jump, warns component shortages could persist
Foxconn forecasts high double-digit AI rack shipment growth in 2027, but warns that component shortages could persist.
TLDR
A post says Foxconn, Nvidia’s biggest server maker, reported $95.4 billion in Q3 revenue, up 47% year over year and above estimates, driven by AI server demand. Reuters reports Q3 net profit rose 34% to NT$77.5 billion, beating estimates. Foxconn forecasts high double-digit AI rack shipment growth in 2027, but chairman Young Liu warned component shortages could persist.
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