Movement Alert|ASE Technology Rises 3.15% in Pre-Market Trading, Semiconductor Sector Oversold Rebound Continues Amid Strong May Revenue

Market Focus06-11

On June 11, ASE Technology rose 3.15% in pre-market trading, trading at $35.31/share, with trading volume of $197,800. The stock continues its recovery after a sharp selloff that took shares from above $40 to around $34, a cumulative decline exceeding 11%, triggered by Broadcom's AI chip sales guidance falling short of market expectations.

The broader semiconductor sector rebound remains intact, with Micron Technology up 4.35%, Marvell Technology up 4.19%, Intel up 3.06%, Broadcom up 1.88%, and NVIDIA up 1.46%. On the fundamental side, ASE recently reported May unaudited consolidated net revenue of NT$63.03 billion (approximately $2 billion), up 1.3% month-over-month and 29% year-over-year. Its core ATM (assembly, testing, and material) business surged 38% year-over-year to NT$42.16 billion, reflecting robust demand from AI and high-performance computing applications for advanced packaging services. The company's Q1 net profit grew 87% year-over-year, while its advanced packaging revenue target has been raised to $3.5 billion, underpinned by a multi-billion-dollar AMD partnership and new panel-level packaging capacity coming online.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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