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Investing.com -- Foxconn Technology’s shares surged on Wednesday following comments from its chairman about meetings with key artificial intelligence players.
Young Liu, chairman of Taiwan-listed Foxconn, told local reporters that he had met with OpenAI Chief Executive Sam Altman at the Taiwanese company’s headquarters to discuss potential future collaborations. Liu also mentioned plans to meet with chip giant Nvidia.
The world’s largest contract electronics maker, formally known as Hon Hai Precision Industry, saw its stock jump amid continued investor enthusiasm about AI opportunities.
Despite concerns about frenzied AI investing potentially creating a market bubble, Liu expressed optimism about the sector’s future. Speaking on the sidelines of an event on Wednesday, he stated that the application of AI is "just at the beginning" and voiced confidence in the market’s potential to continue growing stronger.
The stock movement adds to a series of AI-driven rallies that have boosted technology companies involved in the rapidly expanding sector.
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