On June 10, ASE Technology fell 3.08% in pre-market trading to $34.0/share, with trading volume of $148,400. The decline comes as the semiconductor sector resumes selling pressure following a brief two-day oversold bounce.
Broadcom's Q3 AI chip sales guidance of $16 billion, disclosed on June 3, fell short of the analyst consensus of $17.2 billion, and the company declined to raise its fiscal 2027 AI revenue target above $100 billion. This triggered a sector-wide selloff that drove ASE Technology from above $40 to approximately $34, a cumulative decline exceeding 11%. After a brief recovery to $36.9 on June 8-9 supported by strong Q1 earnings growth of 87% and May revenue up 29% year-over-year, the broader sector has resumed its downward drift.
Among sector peers, Micron Technology fell 3.41%, Advanced Micro Devices fell 2.82%, Marvell Technology fell 2.69%, Intel fell 2.13%, and NVIDIA fell 1.35%.
(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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