Taiwan's Foxconn (2317.TW), opens new tab on Thursday flagged strong expectations for its first quarter performance, after reporting a 35.5% year-on-year rise in January revenue. "Shipments of AI racks continue to increase, and Smart Consumer Electronics are also better than expected," it said in a statement.
"The seasonal performance for the current quarter is expected to be better than the range of the past five years," the company, Nvidia's (NVDA.O), opens new tab biggest server maker, added, without elaborating.
