Reported 7 months ago
Foxconn (2317) opened at 191 yuan on the 13th and surged to 195 yuan, marking a 16-year high, with a trading volume of 47,000 lots within the first 15 minutes. The momentum was mainly attributed to a strong May revenue, positive sentiments from foreign institutional investors, and Apple's unveiling of AI strategies at the WWDC, including the launch of 'Apple Intelligence' to enhance Siri and collaborate with OpenAI's 'ChatGPT'. As the world's largest AI server manufacturer and NVIDIA's AI server's major supplier, Foxconn's deepening cooperation with NVIDIA in various fields like AI, electric vehicles, smart factories, robotics, and smart cities has drawn wide market attention. Foreign institutions have named Foxconn a focus stock, with U.S. foreign institutions estimating a 'double-digit' increase in revenue and a raised target price of 227 yuan, driven by growth in servers, network products, and PCs. These positive developments have led to Foxconn's stock price continuing to rise and becoming a market focus.
Source: YAHOO