ASMPT Benefits From AI Demand, Shift in Chip Development Focus -- Market Talk
Dow Jones12:23
0423 GMT - A combination of AI-driven demand and a shift in semiconductor development focus from front-end chip miniaturization to back-end chip packaging has boosted ASMPT's business, Morningstar analyst Dan Baker says in a note. Like many AI-driven infrastructure stocks, ASMPT's valuation depends on the assumptions about how long AI demand for infrastructure will last, the analyst says, noting the stock has risen over 90% so far this year. Morningstar forecasts higher revenue and operating profit for ASMPT in the near-term on AI-driven demand. Shares are last 3.1% higher at HK$156.90. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 23, 2026 00:23 ET (04:23 GMT)
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