On June 9, ASE Technology rose 3.24% in pre-market trading, trading at $36.58/share, with trading volume of $137,600. The stock continued its recovery momentum from the prior session as the semiconductor sector extended its rebound following a sharp selloff.

On the news front, Broadcom's earlier failure to raise its AI chip sales guidance triggered a broad semiconductor selloff, dragging ASE Technology from above $40 to approximately $34, a cumulative decline exceeding 11% over a short period. The sector has since entered a collective recovery phase, with the rebound trend now extending into its second consecutive session. Within the Semiconductors sector, stocks are broadly higher, with Marvell Technology up 5.11%, Micron Technology up 4.39%, Intel up 2.01%, Broadcom up 1.47%, and NVIDIA up 0.78%.

On the fundamental side, ASE Technology reported Q1 net profit growth of 87.02% year-over-year, raised its advanced packaging revenue target to $3.5 billion, and continues to benefit from AMD's over $10 billion investment partnership and a new panel-level packaging production line expected to begin operations in the first half of next year.

(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.)