Global semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.

Foxconn's earnings release comes just a week after Microsoft announced that it expects to spend $80 billion on AI data center infrastructure in its FY 2025. This was huge news for investors, as it confirms that Silicon Valley's AI arms race is not winding down any time soon.

Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.

Nvidia shares climbed to close at an all-time high Monday after supplier Foxconn reported record fourth-quarter revenue, and ahead of a keynote address from Nvidia CEO Jensen Huang at a major consumer electronics show.

Buoyed by their impressive performance, the companies are busy expanding into new products and places. Contract manufacturers have also been expanding into new industries. In October Foxconn unveiled two new electric-vehicle designs,

NVIDIA Corporation (NASDAQ:NVDA) is planning to set up its Asian headquarters in Taipei, Taiwan, according to the Central News Agency. The tech giant will reportedly hire over 2,500 staff as part of the move,

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US stocks finished mixed Monday, as investors plowed money into the semiconductor sector following strong results from Taiwan-based Foxconn, helping spur chip designer Nvidia to a fresh record.

Nvidia traded slightly higher after Jensen Huang's CES keynote. Traders are eyeing key economic data later in the week.

Jensen Huang, the founder and CEO of Nvidia, is visiting Taiwan for the company's year-end celebration. Industry sources indicate that Huang routinely meets with key supply chain partners, including Quanta,

Leading market analysts highlighted Foxconn's surprise Q4 performance, with Jim Cramer suggesting investors may have overlooked the company.

Industry analysts have slashed their 2025 GB200 NVL72 shipment projections by 50%, but the industry expects an explosion of AI hardware shipments.