BUSINESSJul 5 · 18:03 UTCFORTUNEDebby Wu, Bloomberg

Nvidia supplier Hon Hai’s sales beat on continued AI demand

Hon Hai Precision Industry Co., an Nvidia server assembly partner, reported a 40% quarterly sales increase driven by strong AI demand. The company anticipates continued AI rack shipments and projected growth in 2026, while major tech firms like Alphabet, Amazon, Meta, and Microsoft plan $725 billion in AI spending this year.

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Hon Hai Precision Industry Co.organizationNvidiaorganizationAlphabet Inc.organizationAmazon.com Inc.organizationMeta Platforms Inc.organizationMicrosoftorganizationAppleorganizationAI demandtopic

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