Foxconn, Nvidia's biggest server maker and a major Apple supplier, has been a big beneficiary of the trend towards AI, reporting last month a 35% rise in second-quarter profit that beat analyst forecasts.

Foxconn's August sales surged 51.98% year-on-year to $29.14 billion, driven by strong AI demand and inventory rebuilding.

Foxconn's August sales surged significantly, reaching the second-highest monthly total in its history. This growth was fueled by strong demand for artificial intelligence…