Several companies have pulled their full-year outlooks for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.

Taiwan's Foxconn , the world's largest contract electronics maker, said on Wednesday quarterly profit leapt 91%, beating forecasts, thanks to strong demand for AI servers, although the outlook was overshadowed by tariff uncertainty.

Taiwan's Foxconn, the world's largest contract electronics maker, on Wednesday said first-quarter profit leapt 91% on continued strong demand for artificial intelligence servers. Net profit for January-March for Apple's top iPhone assembler and Nvidia's server maker came in at T$42.

Nvidia topped a $3 trillion valuation for the first time since February. A fresh AI partnership with Saudi Arabia was boosting the stock on Tuesday.

The Trump administration is reportedly making a deal to give Saudi Arabia access to advanced chips from companies like Nvidia and AMD

U.S. chip maker Nvidia will partner with Saudi Arabia’s sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project.