Shares of the iPhone maker soar amid the AI frenzy, setting a record high.
Amid an intense ai frenzy, shares of Hon Hai Precision Industry Co.—also referred to as the iPhone maker because of its affiliation with Apple Inc.—have reached previously unheard-of heights. Hon Hai’s stock surged 5.1% to NT$156 despite persistent worries about the slow recovery of the smartphone industry. The company’s strong quarterly profitability and optimistic demand…