 Dear Reader, Last year I ran for Mayor of New York City. And lost to a 34-year-old Democratic Socialist. Now I'm convinced what's starting in New York will spread across America. Just for starters:
- The new mayor wants to spend $70 million of taxpayer money just to study whether government-run grocery stores are a good idea.
- He's threatening a 9.5% property tax hike on every homeowner in the city.
- And he wants to raise taxes on every corporation and high earner.
This isn't just a New York story. Nearly 40% of Americans now have a "positive" view of socialism. But what nobody's talking about is WHY this is happening... and where it's all headed. I have my MBA from Harvard and spend my time in correspondence with billionaires like Warren Buffett and Bill Ackman. I've spent 30 years on Wall Street. And there's a specific term for what's unfolding in America right now... one that points to an economic event unlike anything we've seen in over 100 years. I'm not running for office again. But if you care about your wealth, your family, and your future, you need to understand what's really coming. I've put together a free analysis explaining exactly what I see, and the specific steps I recommend you take with your money today. I strongly encourage you to check it out here. Regards, Whitney Tilson
Editor, Stansberry Investment Advisory
Former Hedge Fund Manager
Co-Founder, Teach for America
Harvard MBA P.S. What's happening today will reset the financial system in a way most of us can't imagine. If I'm even half right, it's going to have a huge impact on your money and your future. Get the details here...
Just For You
Apple’s Silent Partner Just Validated the Hardware BoomWritten by Jeffrey Neal Johnson. Originally Published: 4/8/2026. 
Key Points
- Record sales from key assembler Foxconn offer definitive proof that the AI hardware supercycle is currently in a phase of rapid expansion.
- The surge in assembly orders points to a corresponding increase in demand for advanced semiconductors from industry leader Taiwan Semiconductor.
- Apple’s massive demand for cutting-edge components provides a stable, high-volume foundation for the entire advanced manufacturing ecosystem.
- Special Report: Sell 99% of Your Stocks, Do THIS Instead…
With the market swirling with speculation about the future of artificial intelligence (AI), it can be difficult to separate hype from reality. While many investors focus on the lofty promises of AI software, the clearest signal of the boom’s acceleration is coming from the factory floor. Hon Hai Precision Industry (OTCMKTS: HNHPF), better known as Foxconn, posted a 29.7% year-over-year (YOY) revenue surge in its first quarter — a result that speaks louder than forecasts.
As the world’s largest contract electronics manufacturer and the silent partner that physically assembles everything from Apple’s iPhones to NVIDIA’s AI servers, Foxconn’s financial results reflect tangible global demand. This explosive growth is clear evidence that the AI hardware supercycle is not a future event but a present reality, reinforcing a bullish outlook for the companies that form the backbone of this revolution — from semiconductor foundries to ecosystem integrators. Why Foxconn's Numbers Are an Investor's Ground TruthThe figures from Foxconn’s first quarter of 2026 are unambiguous. They paint a picture of a manufacturing powerhouse running at full throttle to meet an accelerating demand for high-end technology.
Explosive Revenue Growth: Foxconn reported first-quarter revenue of NT$2.13 trillion (approximately $66.6 billion), a 29.7% increase from the same period last year. Accelerating Momentum: The growth trend intensified as the quarter progressed. March revenue hit NT$803.7 billion (around $25.1 billion), a 45.6% YOY jump and a record for the month. The AI Driver: Foxconn attributed this performance to its Cloud and Networking Products segment, citing strong demand for AI servers as the primary catalyst. These results are crucial because of Foxconn’s unique position in the global supply chain. The company is the go-to manufacturer for the world's most complex electronics and is estimated to hold about 40% of the global AI server market, making its financials a reliable barometer for the health of the entire hardware ecosystem. When Foxconn posts record numbers driven by AI server sales, it signals that clients are not merely planning for an AI future — they are actively building it. This tangible evidence cuts through software projections and confirms that the physical deployment of AI infrastructure is underway, supporting a bullish stance on the hardware sector. Why Foxconn's Boom Points Directly to TSMThe AI servers being assembled in record numbers at Foxconn’s factories all start with one critical component: advanced semiconductors. This draws a direct line to Taiwan Semiconductor Manufacturing (NYSE: TSM), the world’s most important chip foundry. The surge in demand seen by the assembler is a powerful leading indicator of orders flowing to the foundational chipmaker. TSM’s role in the AI revolution cannot be overstated. The company manufactures the high-performance processors designed by firms like NVIDIA (NASDAQ: NVDA), AMD (NASDAQ: AMD), and Apple (NASDAQ: AAPL), which power AI systems.
Technological Dominance: TSM holds a commanding lead in advanced manufacturing processes, accounting for an estimated 70% of the global foundry market. Its 3-nanometer and 5-nanometer nodes are essential for the speed and efficiency AI applications demand, creating a significant competitive moat. Anticipating Growth: While TSM has not yet released its full first-quarter results, Foxconn's demand confirmation sets expectations high. Analysts will be watching TSM's upcoming earnings report on April 16 for corroborating growth figures. For investors, this reinforces the classic picks-and-shovels argument: TSM benefits from every AI chip placed in a server, regardless of the end customer. The demand signaled by Foxconn’s results provides solid justification for TSM's large capital expenditures on new fabrication plants. It also supports the strong Buy consensus from Wall Street analysts, whose average price target near $391 implies meaningful upside from current levels. Notably, upgrades since January 2026 — with some price targets reaching as high as $450 — indicate many analysts believe TSM still has significant room to run. Apple and the On-Device AI RevolutionWhile the current AI hardware boom is centered on data centers, Apple remains a primary force within this advanced manufacturing ecosystem and is well positioned to lead the next phase of AI adoption. The company's relentless demand for cutting-edge components for its high-volume products provides foundational business for both Foxconn and TSM. Recent headlines have focused on near-term challenges for Apple, including reported delays for a foldable iPhone and regulatory hurdles in China. However, those concerns should be balanced against Apple’s fundamental hardware strength. Strong underlying demand for the upcoming iPhone 17 and the successful launch of the new, more affordable MacBook Neo demonstrate Apple’s continued market power. These product successes translate directly into large, high-margin orders for its manufacturing partners. More importantly, the current server build-out is laying the groundwork for the next major hardware cycle: on-device AI. As AI capabilities are integrated directly into smartphones, watches, and laptops, the company with the largest and most integrated ecosystem stands to gain the most. With its massive installed base of loyal users and tight control over both hardware and software, Apple is well positioned to define this next era of personal computing. The powerful AI servers being built today will enable the services and applications that make Apple’s future devices indispensable. Follow the Factories, Not the ForecastsFoxconn’s blockbuster quarter sends a clear signal that the AI hardware build-out is accelerating. These tangible results cut through speculative noise and confirm a powerful, ongoing trend. The data validate a bullish outlook on foundational players like TSM, which manufactures essential components, and underscore the long-term opportunity for Apple, which will leverage this infrastructure to bring AI to the masses. For investors seeking concrete exposure to the AI boom, the manufacturing supply chain offers a clear, data-backed path forward.
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