Amid Nvidia's CES 2025 Buzz, Investors Overlooked Apple Supplier Foxconn's Strong Q4, Says Jim Cramer

Leading market analysts highlighted Foxconn, also known as Hon Hai Technology‘s surprise fourth-quarter performance. Jim Cramer suggested investors may have overlooked the Apple Inc. AAPL supplier while focusing on Nvidia Corp.’s NVDA CES 2025 presentation.

What Happened: “People were looking for Nvidia’s Jensen Huang to give a big keynote this evening at CES but weren’t thinking partner (and Apple supplier) Hon Hai would have such big numbers,” Cramer wrote on X on Monday, questioning whether bears might try to downplay the significance of the results.

People were looking for Nvidia's Jensen Huang to give a big keynote this evening at CES but weren't thinking partner (and Apple supplier) Hon Hai would have such big numbers. But will the bears come in to knock it down at the opening saying we already knew this (when we didn't)?
— Jim Cramer (@jimcramer) January 6, 2025

Gary Black, managing partner of The Future Fund LLC, predicted the strong performance could catalyze broader market movements. “Taiwan’s Foxconn reported strong 4Q results and provided robust 1Q guidance, triggering chip stock rally,” Black noted on X.

In today's pre-mkt summary for subscribers: Taiwan's Foxconn ( $HHPD) reported strong 4Q results and provided robust 1Q guidance, triggering chip stock rally; TSLA likely to move higher into 4Q earnings as investors focus more on unsupervised autonomy and Optimus progress than…
— Gary Black (@garyblack00) January 6, 2025

The manufacturer posted record fourth-quarter revenue of NT$2,132.3 billion ($64.83 billion), up 15.17% year-over-year, driven by robust demand for AI servers and cloud computing products. December revenue jumped 42.31% annually to NT$654.8 billion ($19.9 billion), despite a 2.64% month-over-month decline.

Why It Matters: Foxconn’s expansion into AI infrastructure, particularly its partnership with Nvidia for GB200 chip production, represents a strategic pivot beyond its traditional role as Apple’s primary iPhone manufacturer. The company is building what it claims will be the world’s largest AI server manufacturing facility in Mexico.

During Foxconn’s October tech day in Taipei, Chairman Young Liu showcased the company’s advanced cooling technologies for GB200 servers, while Benjamin Ting, senior vice president for cloud enterprise solutions, confirmed strong demand for Nvidia’s Blackwell platform.

The full-year revenue reached NT$6,859.9 billion ($208.59 billion), marking an 11.37% increase from the previous year, as the company capitalizes on the growing AI computing market.

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