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Foxconn Industrial Internet fell 3.21% in A-shares, with turnover over 10 billion yuan
ByAinvest
Wednesday, Sep 3, 2025 10:36 pm ET1min read
Foxconn Industrial Internet fell 3.21% in A-shares, with turnover over 10 billion yuan
Foxconn Industrial Internet (FII), a key player in the AI sector, experienced a significant drop in its A-shares on September 2, 2025. The stock fell by 3.21%, with a turnover exceeding 10 billion yuan [1]. This decline comes amidst a broader market trend that has seen a number of Chinese tech companies face volatility.The fall in FII's stock price follows a period of strong performance. Earlier this month, FII became the latest company to achieve a market capitalization of 1 trillion yuan, making it the first tech-hardware company to join the trillion-yuan club. Its shares surged 10% on Friday, the daily maximum permitted in Shanghai, to close at 53.83 yuan, taking its market capitalization to 1.07 trillion yuan, equivalent to $150.06 billion [1].
Despite this recent success, FII's stock price has now seen a significant drop. Analysts at Citi have maintained a positive outlook on the company, raising their target price to 60.00 yuan from 48.00 yuan, despite the recent decline [1]. They believe that the company's focus on AI servers and its partnership with major tech companies such as Amazon and Nvidia position it well for future growth.
The broader market conditions in China have also contributed to the volatility. The country's push to develop artificial intelligence and the rising risk appetite have driven investor enthusiasm for AI-related stocks. However, the recent decline in FII's stock price suggests that some investors may be reassessing their positions in light of potential risks.
Overall, while FII's recent decline is a setback, its long-term prospects remain promising. The company's role in the AI sector and its partnerships with major tech companies position it well for continued growth. Investors will be closely watching the company's performance in the coming months to gauge its resilience and potential for future gains.
References:
[1] https://www.morningstar.com/news/dow-jones/202508291826/foxconn-industrial-internets-market-capitalization-hits-trillion-yuan
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