Foxconn Expects Growing AI Demand to Boost Its Server Business This Year
Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.
Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.
Despite its less-than-impressive performance, HP gave a bullish forecast for the current quarter saying it expects its adjusted diluted earnings per share to be in the range of $0.40 to $0.50.
Berkshire Hathaway has invested approximately $4.2 billion in HP.
Hewlett Packard’s net revenue jumped 13% year-over-year while the company is also expecting robust demand in the foreseeable future.
According to a technology strategist at investment bank Baird, Ted Mortonson, the new tech dynamic is FOGK (fear of getting killed).
For the past three months, HP reported revenue of $15.3 billion versus the expected $14.7 billion.
Nvidia’s representative noted that the plaintiff is a stakeholder of Nvidia and thus has an interest in the firm.
As most stocks turned red yesterday, Apple (AAPL) stock closed the day with a 4.80% loss. Meanwhile, the company revealed the lineup for its WWDC20 that will take place virtually from June 22 to 26.
The Xerox-HP takeover bid has been suspended due to the COVID-19 situation. Yesterday, Hewlett-Packard (HPQ) stock lost around 3% and today it is falling in the pre-market.
Xerox is not going to give up its attempts to combine with HP. Now it’s planning to try to replace the HP board of directors at the company’s stockholder’s meeting in April.