On July 24, Amkor Technology rose 5.62% in regular trading, trading at $69.68/share, with turnover of $55.27 million. The rally was driven by the announcement of a landmark strategic partnership with Nvidia.

Amkor disclosed a multi-year cooperation agreement valued at approximately $1.5 billion, under which the two companies will jointly develop advanced semiconductor packaging and test technologies targeting next-generation artificial intelligence applications. Nvidia will invest roughly $1.5 billion to co-expand Amkor's packaging and test facility in Arizona. Market participants view the deal as reinforcing Amkor's position as a core supplier in AI compute advanced packaging.

In addition to the Nvidia partnership, the company is scheduled to report earnings on July 27 after market close. Consensus estimates call for quarterly revenue of $1.808 billion, up 27.10% year-over-year, and adjusted EPS of $0.47, a 201.58% year-over-year increase. The combination of a high-profile order and robust earnings growth expectations has provided a dual catalyst for the stock.

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