On November 6, Amkor Technology rose 6.92% in Pre-Market Trading, trading at $32.3 per share, with turnover of $321,500.
The move aligns with continued investor focus on the company’s advanced packaging expansion cooperation with NVIDIA, which has helped draw funds back into the stock despite the recent earnings-related reset.
Previously, Amkor said an additional $1.3 billion South Korea expansion agreement with NVIDIA lifted the companies’ multi-year agreements to $3 billion, targeting more than 300% advanced packaging capacity growth by the end of 2028. That backdrop has remained supportive even after Amkor reported third-quarter EPS of $0.76 on revenue of $1.99 billion, both below consensus, and guided fourth-quarter EPS to $0.65-$0.75 on sales of $1.9-$2.0 billion, also below expectations.
(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.)