Published on 01/06/2025 at 11:29 a.m.
(Boursier.com) — Nvidia takes around 2% before market on Wall Street, towards $150 for a capitalization of more than 3,500 billion dollars. The graphics and AI chip giant, whose stock price tripled last year, is benefiting from favorable newsflow at the start of 2025. Hon Hai Precision Industry thus posted revenue growth of more than 15% over the last three months, to around $64.6 billion, while December revenues soared 42% with cloud and networking products. December revenues were nearly $20 billion, with AI products and particularly initial GB200 product shipments. The group, also known as Foxconn, is a major production partner of Nvidia or Apple. Better yet, the Taiwanese giant expects significant sales growth in the first quarter.
Microsoft also provides notable support for the AI sector today, with the Redmond colossus indicating that it expects to spend as much as $80 billion in fiscal 2025 – which ends in June – on construction of data centers capable of handling artificial intelligence workloads. The software group delivered this estimate in a blog post published Friday. More than half of that $80 billion will be in the United States, Microsoft Vice President Brad Smith wrote. “Today, the United States is leading the global AI race thanks to private capital investment and innovations from American companies of all sizes, from dynamic startups to established companies,” said the leader. “At Microsoft, we’ve seen this first-hand through our partnership with OpenAI.” Microsoft has invested more than $13 billion in OpenAI, the originator of ChatGPT. The group provides cloud infrastructure to the startup and has integrated its models into Windows, Teams and other products.
