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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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Mar 13, 2026 / Tyler Durden
META Delays AI Rollout Because It Sucks, May License Gemini; Musk Reboots xAI 'From The Foundations Up'
META Delays AI Rollout Because It Sucks, May License Gemini; Musk Reboots xAI 'From The Foundations Up'
Mark Zuckerberg bet the farm on AI supremacy, and this year's crop is infested with bugs.
According to a new report, Meta has quietly pushed back the launch of its next-generation foundational AI model, internally code-named Avocado, from this month until at least May. The reason? Internal tests showed it underperforming on key benchmarks for reasoning, coding, and writing - trailing rivals like Google's Gemini 3.0, even as it beat Meta's own prior efforts and...
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Nov 9, 2026 / Tyler Durden
Watch Crypto For The Next Black Swan
Watch Crypto For The Next Black Swan
Submitted by QTR's Fringe FinanceWe all just saw what happened with Nvidia and Jensen Huang. Completely unexpected. Almost nobody saw it coming. And the ultimate fallout is still very much an open question.Plenty of questions remain unanswered, including some raised by a short seller back in May about Alice Huang’s connection to Jensen…and more importantly, additional allegations about Nvidia’s business operations. Those questions are still hanging in the air, and it’s far from clear whether the worst of the revelations are behind us.Just...
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Sep 10, 2026 / Tyler Durden
Futures Slide As Yields, Oil Spike Ahead Of PPI
Futures Slide As Yields, Oil Spike Ahead Of PPI
US stock futures slumped for a 3rd consecutive day, unable to find traction, and trading at session lows with tech underperforming as Treasury yields pushed higher keeping risk appetite firmly in check ahead of the latest print on US factory prices and earnings from Oracle. As of 8:15am ET, S&P futures are down 0.2%, with Nasdaq futures lagging, and down 0.5%. Pre-market, MegaCap Tech stocks are mixed, led by AAPL and META +1.0%. Overnight, TSMC reported a 53% increase in monthly sales amid strong AI...
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