Wall Street Breakfast Foxconn profit jumps, but tariffs cast a shadow
May 14, 2025
Foxconn's profits soar by 91% thanks to booming AI demand, but tariff uncertainties loom large. Airbnb diversifies by offering full-service travel options, while YouTube secures streaming rights for an NFL game, marking a significant expansion in media. In corporate news, Tesla's CEO pay is set for a potential increase, and the EU is considering higher tariffs on Ukrainian imports to support local farmers. The tech and finance sectors are buzzing with key industry conferences on the horizon, showcasing major company presentations and market trends.
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Tariffs and Geopolitics Cloud Outlook
- Despite strong Q1 profits, Foxconn is cautious about the full-year outlook due to tariffs and geopolitical risks.
- Exchange rate fluctuations could affect revenue when converted to Taiwan dollars, though USD revenue remains stable.
Foxconn AI Drives Profit Growth
- Foxconn's AI server business revenue grew over 50% year-over-year, driven by strong demand for computing power.
- Q2 AI server revenue is expected to nearly double, reflecting AI as a major growth driver.
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