Apple's iPhone Maker Sets Record High as AI Mania Persists [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
Hon Hai, which makes iPhones for Apple Inc., rose as much as 3.7% to a record intraday high on Thursday. It was a big laggard in Taiwan last year due to concerns that Apple's China sales would slow due to sluggish demand for premium phones, but fourth-quarter earnings that beat estimates fueled optimism over demand for the company's AI servers. It's now up 46% year-to-date. The AI craze has meant big gains in companies like Nvidia Corp., as investors see the sector at a crucial point of growth. At Hon Hai, AI revenue may contribute half of server revenue this year if it succeeds in winning orders from key clients, JPMorgan Chase & Co. analysts including Albert Hung wrote in a research report. The figure was about 30% last year. To be sure, Hon Hai's total revenue exposure to AI is likely to remain at 10% to 12% this year, compared with about 20% for its competitors like Wiwynn Corp., Quanta Computer Inc. and Wistron Corp., according to JPMorgan. What's more, its gains may be gett
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- Apple's iPhone AI Plans Confirmed With New Software Release [Forbes]Forbes
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- Apple renews talks with OpenAI for iPhone generative AI features, Bloomberg News reports [Reuters]Reuters
- Apple Intensifies Talks With OpenAI for iPhone Generative AI Features [BNN Bloomberg (Canada)]BNN Bloomberg
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