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Nvidia, Foxconn Fuel AI Optimism as Semiconductor Stocks Surge

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AI,NVIDIA,Foxconn

Nvidia shares hit a record high after Foxconn reported record fourth-quarter revenue driven by growth in its cloud and networking products, including AI servers. The reports highlight continued investment in artificial intelligence, suggesting the sector's peak hasn't been reached.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, was also added to the list. Tencent said in a statement that its inclusion on the list was"clearly a mistake."that use the same Blackwell architecture behind the company's fastest AI processors for servers and data centers.

Foxconn reported record fourth-quarter revenue that was partly powered by growth in its cloud and networking products, which includes AI servers like those designed by Nvidia.Those reports suggest that companies are continuing to invest heavily in AI, and the peak hasn't yet been crested. Despite those upbeat reports and positive market movements on Monday, the year ahead continues to look rocky.

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