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Nvidia Stock Rises. New Evidence Emerges Showing the AI Trade Is Alive and Well.
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Nvidia stock was rising on Friday after a key supplier’s latest earnings report appeared to bode well for the artificial-intelligence trade amid a wider market rally. Results from Taiwanese electronics maker Hon Hai Precision Industry known internationally as Foxconn, appeared to be giving the stock a boost. Foxconn recently said it was building the world’s largest manufacturing site for servers to house Nvidia’s GB200 Superchips in Mexico.
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