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Super Micro Stock Rises. How Foxconn Could Help SMCI.
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Super Micro Computer stock was rising early on Wednesday, and good news from a rival could help the server maker’s rally. Taiwan’s Foxconn —also known as Hon Hai Precision Industry—reported on Wednesday that its revenue for the first two months of the year was up 25% from 2024. Foxconn, which like Super Micro, is a major manufacturer of servers containing Nvidia chips, said it expects a strong first quarter.
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