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Foxconn's AI server sales surpass smartphones, driving 29% revenue growth in Q1 2026.

Market News
05 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Foxconn, traditionally known for assembling iPhones, reported a 29% year-over-year revenue increase to NT$2.12 trillion ($66 billion) in Q1 2026, driven primarily by AI server sales. For the first time, AI servers accounted for nearly 50% of total revenue, overtaking consumer electronics. The company expects to double its AI rack shipments in 2026, reflecting strong demand from major cloud providers. This shift highlights Foxconn's transition from a contract manufacturer to a key player in AI infrastructure, signaling significant growth in the AI hardware market but with ongoing margin pressures.

More News

Bitcoin nears end of bear phase as ETF inflows return and selling pressure eases, but liquidity remains weak.

Bitcoin nears end of bear phase as ETF inflows return and selling pressure eases, but liquidity remains weak.

Bitcoin's on-chain data indicates the market may be entering the final stage of its bearish phase, with the Realized P/L Ratio at a 43-month low signaling heavy losses and capitulation. Institutional demand is returning as U.S. spot Bitcoin ETFs saw ...

Market News
Neutral
4 hours ago
Over 2.2 million hotels worldwide can now be booked using XRP on Travala.

Over 2.2 million hotels worldwide can now be booked using XRP on Travala.

Travel platform Travala now allows users to book more than 2.2 million hotels globally using XRP cryptocurrency, enabling instant confirmation without banks. This marks a significant step in expanding XRP's real-world utility beyond trading, integrat...

Protocol Fundamentals
Bullish
4 hours ago
Bitcoin protocol changes require strong consensus, says Michael Saylor as BTC nears $63K amid ETF inflows.

Bitcoin protocol changes require strong consensus, says Michael Saylor as BTC nears $63K amid ETF inflows.

Michael Saylor emphasized that Bitcoin protocol changes must have overwhelming network agreement to protect the system's integrity, describing hard consensus as Bitcoin's immune system. He explained that fees price block space, nodes set policy, mine...

Protocol Fundamentals
Bullish
4 hours ago
XRP holds $1.10 support amid cautious rebound and extreme fear sentiment in crypto markets.

XRP holds $1.10 support amid cautious rebound and extreme fear sentiment in crypto markets.

XRP is attempting to sustain a rebound around the $1.08–$1.10 support zone despite ongoing extreme fear sentiment in the crypto market. While trading near $1.14, XRP faces resistance at $1.15 and medium-term hurdles around $1.35–$1.40. Prediction mar...

Technical Signals
Bullish
5 hours ago
Step Finance hacker sells $21M in stolen SOL, launders funds via Tornado Cash on Ethereum.

Step Finance hacker sells $21M in stolen SOL, launders funds via Tornado Cash on Ethereum.

The attacker who stole about 261,854 SOL tokens (worth $27-30 million) from Step Finance has sold $21 million of the stolen SOL and moved the funds to Ethereum. They converted the stolen assets into ETH and laundered the money through Tornado Cash, a...

Market News
Bearish
5 hours ago
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