Chip stocks surged in intraday trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.

Wall Street's key indexes rose as optimism surrounding AI boosted semiconductor stocks. A report hinted at a possible softer tariff stance from Trump's team, lifting automakers. Microsoft's AI investments powered tech gains,

The Taiwan-listed assembler of Apple and Nvidia products posted record revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial intelligence technologies.

Global semiconductor stocks, including heavyweight Nvidia, climbed Monday after contract electronics giant Foxconn announced record fourth-quarter revenue.

Extending the significant rebound seen during last Friday's session, stocks have moved sharply higher during trading on Monday. The

The S&P 500 gained 0.55% to close at 5,975.38. The Nasdaq Composite advanced 1.24% to end at 19,864.98. The Dow Jones Industrial Average lagged, losing 25.57 points, or 0.06%, to close at 42,706.56.

While the long-term outlook for AI remains encouraging and this technology has real-world applications in most industries around the globe, Nvidia's chances of becoming Wall Street's first $5 trillion company are likely going to be thwarted by history.

While Friday's article focused mostly on Intel's chip design business, the performance of its fabrication segment will also be important when it comes to shaping stock performance. Intel is the world's third-largest chip fabrication company, behind Taiwan Semiconductor Manufacturing and Samsung.

The early rally on Wall Street partly reflected continued strength among tech stocks after contract electronics giant Foxconn reported record fourth quarter revenue amid strong AI server demand. Foxconn is an assembly partner with AI darling and market leader Nvidia (NVDA), which shot up by 3.4%. Chipmaker Micron (MU) also skyrocketed by 10.5%.

Taiwan’s Foxconn 23172.21%increase; green up pointing triangle raked in a record amount of revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial ...

Global semiconductor stocks, including heavyweight Nvidia, climbed Monday after contract electronics giant Foxconn announced ... after a tech rally on Wall Street that was fueled by gains ...

Shenzhen-based UBTech Robotics, China’s largest maker of humanoid robots, will deploy its robots in Apple supplier Foxconn’s factories to help with “complicated and delicate production ...