Foxconn Industrial Internet, which sells AI servers, reports Q1 revenue up 57% YoY to ~$37B, below $44.5B est., and a record ~$1.5B net income, below $1.8B est. (Rachel Yeo/Bloomberg)

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Rachel Yeo / Bloomberg:Foxconn Industrial Internet, which sells AI servers, reports Q1 revenue up 57% YoY to ~$37B, below $44.5B est., and a record ~$1.5B net income, below $1.8B est.  —  Foxconn Industrial Internet Co. benefited less than expected from China's artificial intelligence boom as sales and earnings growth fell short of lofty expectations.