On August 27, Amkor Technology rose 5.58% in pre-market trading, trading at $51.1 per share, with turnover of $585,500. The rally was driven by Nvidia's blockbuster Q2 FY2027 earnings released after hours, which boosted market sentiment for its AI chip packaging partners.
Nvidia reported quarterly revenue of $96.22 billion, up 106% year-over-year, with data center revenue surging 117% to $89 billion, shattering all analyst expectations. The results reaffirmed accelerating AI infrastructure demand. In July, Amkor signed a $1.5 billion multi-year AI semiconductor packaging agreement with Nvidia, which sent its stock up over 12% at the time. According to UBS, Amkor's role in packaging Nvidia's Vera CPU, GB10, and N1X products continues to expand, with advanced packaging business projected to grow from 9% to 19% of sales at gross margins above the corporate average.
(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.)
Comments