Foxconn Industrial Falls Short of Lofty AI Expectations

Foxconn Industrial Internet Co. benefited less than expected from China’s artificial intelligence boom as sales and earnings growth fell short of lofty expectations.

Foxconn sold less of its AI servers and data center hardware systems than expected, with sales climbing 57% to 251 billion yuan ($37 billion) in the first three months of the year. That’s short of the 303.5 billion yuan estimate.