Benefiting from the bullish stimulus, a subsidiary of Foxconn Technology Group, FuTech, saw its stock price rise by nearly 19% during the trading day. As of press time, it had risen by 16.09% to HKD 2.67, with a turnover of HKD 206 million. Product structure, 10-30 billion yuan products operating income of 401/1288/60 million yuan respectively.$FIT HON TENG (06088.HK)$According to public information, Hon Hai Precision is a part of Foxconn Technology Group. Two other publicly-listed subsidiaries of Foxconn Technology Group, FIH and Foxconn Industrial Internet, rose by 10.39% and 10%, respectively, in the Hong Kong and A-share markets.

Hon Hai Precision recently announced at COMPUTEX 2024 in Taiwan that it plans to build an advanced computing center in Kaohsiung, Taiwan using Nvidia's Blackwell platform.

Hon Hai Chairman Liu Yangwei said that Foxconn will work with Nvidia to create a computing center based on the super chipset GB200, including 64 racks and 4,608 GPUs, and is expected to be completed in 2026.

Foxconn Technology Group, also known as "Foxconn", has been a leading enterprise in the global electrical components services industry since its founding by Terry Gou in 1974, with its headquarters in Taiwan, China. Foxconn's manufacturing capabilities in the field of consumer electronics are particularly outstanding, especially in the production of smart phones and computer hardware.

One such subsidiary is FIH, which is also listed on both the Hong Kong and A-share markets.$FIH (02038.HK)$ and $Foxconn Industrial Internet (601138.SH)$For example, the GB200 server mentioned earlier is a high-performance computing platform designed specifically for cloud computing and data centers. GB200 is a model in the server product line, which is equipped with Nvidia's high-performance graphics processors and other hardware configurations optimized to meet data center requirements.

Why has Nvidia's move attracted so much market attention?

In fact, Nvidia's recent performance can be described as drawing considerable market attention. Its leading position in graphics processor and artificial intelligence technology, as well as its far-reaching impact on multiple industries such as high-performance computing, data centers, and autonomous driving, have become the focus of the market's attention.

Nvidia rose by more than 5% last night and set a new historical high for three consecutive trading days, with a total market capitalization surpassing that of Apple and becoming the world's second-largest company by market capitalization.

Foxconn's subsidiary FIH recently rose by 10.39%, while Foxconn Industrial Internet rose by 10% in both the Hong Kong and A-share markets. GB200 server is a high-performance computing platform designed specifically for cloud computing and data centers. GB200 is a model in the server product line, which is equipped with Nvidia's high-performance graphics processors and other hardware configurations optimized to meet data center requirements.

Edited by Jeffrey