Hon Hai's Profit Surges on AI Server Demand, Beats Estimates

• Hon Hai, also known as Foxconn, reported a stronger-than-expected quarterly profit due to persistent demand for AI servers.
• The company expects AI server sales to constitute 50% of its total server business by 2025.
• However, concerns arise as Hon Hai's October revenue growth slows, indicating potential moderation in data center buildout spending.

Source: Bloomberg