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1.16 trillion New Taiwan Dollars in one month. Hon Hai just released its September report, showing a year-on-year increase of 38.4%.
First reaction: This wave of AI money is really flowing into the hardware side. The overall increase in Q3 was 47.1%, and AI-related growth is expected to continue in Q4.
But what I'm focusing on isn't this number, it's the competition.
The on-chain AI narrative has been hyped for a long time, but the real money is actually made by those selling the shovels.
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