Foxconn's Attempt at $200 Target on Hold? Analysts: Price and Volume Look Good, No Need to Worry

Reported 8 months ago

Hon Hai (2317) closed at 200 NT dollars! The Taiwan Stock Exchange opened with a slight retreat today (June 17), with major weighted stocks taking a breather after the recent gains. Hon Hai closed at 198 NT dollars last week, tantalizingly close to the 200 mark, which was finally breached at the end of today's session. Analysts note that both price and volume look healthy, advising against concerns. Investment experts suggest investors stay positive on Foxconn for the rest of the year, especially in light of the 'earth's strongest AI chip' GB200 order driving growth prospects in the next quarters.

Source: YAHOO

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