Nvidia (NVDA) shares are extending gains on Friday after one of its major suppliers, Foxconn, issued guidance that confirmed the AI trade is far from over yet. The electronics maker known more formally as Hon Hai Precision Industry expects its AI server revenue to exceed 1 trillion New Taiwanese dollars or about $30 billion in 2025.

Investors on the hunt for bargains in the current market selloff might want to consider chipmaker Nvidia (NVDA). Light Up your Portfolio with

Nvidia stock was rising on Friday after a key supplier’s latest earnings report appeared to bode well for the artificial-intelligence trade, even as investors fret about slowing consumer spending. The chip maker’s shares climbed 1.