WS #15335
Foxconn reported a record $95.4 billion in Q3 sales, up 47% year-over-year, driven by AI demand. Similarly, AMD posted record data center revenue of $6.7 billion, now comprising 58% of total sales. These figures confirm that the AI infrastructure build-out is accelerating, providing a strong fundamental floor for semiconductor and hardware stocks despite the headwinds from rising interest rates.
AI Infrastructure Demand
Foxconn reported a record $95.4 billion in Q3 sales, up 47% year-over-year, driven by AI demand. Similarly, AMD posted record data center revenue of $6.7 billion, now comprising 58% of total sales. These figures confirm that the AI infrastructure build-out is accelerating, providing a strong fundamental floor for semiconductor and hardware stocks despite the headwinds from rising interest rates.