Foxconn Posts 38.4% Sales Surge on AI Server Demand

Hon Hai Precision Industry reported a 38.4% year-over-year surge in September sales to NT$1.16 trillion, driven by sustained enterprise procurement for artificial intelligence hardware, according to filings reported by Bloomberg and FirstSquawk. The print brought calculated third-quarter revenue to NT$3.027 trillion, marking a 47.1% increase over the prior-year period. Management confirmed that AI-related operations are projected to maintain growth through the fourth quarter, even as the company monitors volatile political and macro conditions across overseas operations. The hardware ramp feeds directly into ongoing institutional debates over semiconductor valuation durability. DBS noted in research reported by Bloomberg that projected forward earnings for upstream anchor Nvidia demonstrate that enterprise infrastructure investment remains disconnected from bubble-era dynamics. Concurrently, Digitimes reported that AMD Chief Executive Lisa Su traveled to Taiwan to negotiate additional manufacturing, packaging, and testing capacity with Taiwan Semiconductor Manufacturing Co., highlighting persistent upstream bottlenecks across advanced packaging nodes. Downstream equity positioning continues to absorb these structural flows without widening into disorderly dispersion. In our equity book, QQQ sits at 749.63, maintaining long gamma above its 748.13 flip with a call wall overhead at 755 and a put wall anchored down at 736. The expected move prices a contained plus or minus 0.67% corridor with skew printing 1.9. In our crypto book, major bellwethers reflect a comparable floor: Bitcoin trades at 86,403.32 with net positive GEX of 12.09 million and a flip down at 60,474.37, while front-month Nasdaq-100 futures hold at 31,043 amid a modest 0.06% dip. While softening US labor data and persistent borrowing yields continue to dictate broader macro debate, the physical order book across critical hyperscaler suppliers remains pinned to capacity limits. The concentration of capital expenditure into foundational enterprise hardware continues to define intraday market structure across major benchmarks.