On July 24, Amkor Technology rose 9.37% in pre-market trading, trading at $71.5/share, with turnover of $376,000.

The surge was driven by the announcement of a multi-year strategic partnership with Nvidia to co-develop next-generation AI semiconductor advanced packaging and test technologies. Under the agreement, Nvidia will invest approximately $1.5 billion to jointly expand Amkor's Arizona packaging and testing facility, further solidifying Amkor's position as a core supplier in AI computing advanced packaging.

The partnership news arrives ahead of Amkor's upcoming earnings release on July 27, where consensus estimates project quarterly revenue of $1.808 billion, representing 27.10% year-over-year growth, and adjusted EPS of $0.47, up 201.58% year-over-year. EBIT is expected at $150 million, a 180.29% increase. Last quarter, the company delivered revenue of $1.685 billion with adjusted EPS of $0.33, reflecting 266.67% year-over-year growth. The landmark Nvidia order combined with strong earnings momentum provided a powerful dual catalyst for the stock.

(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.)