Nvidia Partner Hon Hai Beats Sales Estimates Due to AI Frenzy

(Bloomberg) -- Nvidia Corp. partner Hon Hai Precision Industry Co. reported better-than-expected quarterly revenue, signaling sustained and elevated spending on global AI infrastructure. Most Read from Bloomberg Manchester City Verdict Strains UK-UAE Diplomatic Relations Rodman Joins Trump as He Eyes Meeting With North Korea's Kim Saudi-Backed Yemen Forces Begin Bid to Retake Houthi Areas Bolsonaro Pushes Lula to Brink of Defeat Ahead of Brazil Runoff FlyDubai's Perilous Plunge and Survival Puts Focus on Jet Design Sales for the three-months ended in September totaled NT$3.03 trillion ($95.4 billion), up 47%. Analysts on average were looking for NT$2.83 trillion. Hon Hai's strong sales growth followed a bullish forecast from Micron Technology Inc.