On June 9, ASE Technology rose 3.04% in regular trading, trading at $36.69/share, with trading volume of $31.74 million. The stock continues to recover from a recent selloff that dragged shares from above $40 to around $34, representing a cumulative decline exceeding 11%.

On the news front, ASE Technology disclosed its May unaudited consolidated revenue of NT$63.03 billion, up 1.3% month-over-month and 29% year-over-year. Notably, its packaging, testing, and materials business revenue surged 38% YoY to NT$42.16 billion, signaling sustained robust demand for advanced packaging services. The strong monthly data reinforces the company's fundamental momentum following a Q1 net profit increase of 87.02% YoY.

The broader semiconductor sector continues its oversold rebound after Broadcom's AI chip sales guidance fell short of expectations last week, triggering widespread selling. Within the sector, Micron Technology is up 2.87%, NVIDIA up 0.86%, and Intel up 1.3%. ASE's ongoing recovery is further supported by its AMD partnership, advanced packaging revenue target of $3.5 billion, and a new panel-level packaging production line expected to commence 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.)