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Nvidia Supplier Hon Hai Sales Beat As Continued AI Demand Offsets Consumer Electronics Decline
Nvidia Supplier Hon Hai Sales Beat As Continued AI Demand Offsets Consumer Electronics Decline
Nvidia’s server assembly partner Hon Hai Precision Industry reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further, according to Bloomberg.
Hon Hai’s revenue grew to NT$2.51 trillion ($79 billion) in the three months to June, beating the average of analyst estimates of NT$2.37 trillion. Demand for AI-related products drove sales, compensating for a slight decline in demand from consumer electronics and computing products, where soaring memory prices have resulted in widespread...
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May 18, 2026 / Dave DeCamp
Israeli Attacks in Gaza Kill Six Palestinians in 24 Hours
Gaza’s Health Ministry said on Monday that Israeli attacks over the previous 24-hour period killed at least six Palestinians and wounded 40 as the IDF continues its constant violations of the US-backed ceasefire deal. “A number of victims are still under the rubble and in the streets, as ambulance and civil defense crews have been […]
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Jun 26, 2026 / Tyler Durden
FIFA Folds, Allows Rainbow Flags To Fly In Seattle Stadium Despite Objections From Iran, Eqypt
FIFA Folds, Allows Rainbow Flags To Fly In Seattle Stadium Despite Objections From Iran, Eqypt
Rainbow flags will be allowed inside the stadium in Seattle, where the FIFA World Cup group game between Iran and Egypt is being held on June 26, despite both countries objecting to the standards associated with the LGBT community.
Both countries are predominantly Muslim, and homosexuality is illegal in Iran and criminalized in Egypt, but Hana Tadesse, a spokesperson for Seattle’s World Cup organizing committee, said on June 24 that FIFA considers the rainbow flag a...
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Mar 6, 2026 / Tyler Durden
It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away
It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away
One of Donald Trump's core pre-election promises (along with cracking down on immigration and no more foreign wars) was to boost employment for local-born Americans at the expense of the record employment for foreign-born, mostly illegal, workers. And for a while it worked: four months ago, when discussing the September jobs report, we said that while the broader report was generally mixed, it was "indisputably strong when it comes to one thing: the rotation from foreign...
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