On August 27, Amkor Technology rose 8.46% in regular trading, trading at $51.97/share, with turnover of $32.576 million. On the news front, NVIDIA released its latest earnings report after hours, with positive market sentiment lifting its AI chip packaging partners.
In July, Amkor Technology signed a $1.5 billion multi-year AI semiconductor packaging agreement with NVIDIA, which had driven the stock up over 12% on the announcement day. According to a UBS research note, Amkor's role in packaging NVIDIA's Vera CPU, GB10, and N1X products continues to expand, with its advanced packaging business expected to grow from 9% to 19% of total sales at gross margins above the corporate average. UBS also cited potential second-source business for AMD's Venice CPU as an additional growth driver, raising revenue growth estimates for the coming years along with EPS forecasts, supported by accretive margins from the packaging mix shift and tightening industry capacity.
(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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