On May 26, ASE Technology rose 3.56% overnight, trading at 36.25 USD/share, with trading volume of approximately $27,600.
The rally represents a continuation of the technical rebound following a cumulative decline of over 15% in the prior week, driven by director Jeffrey Chen's large-scale open-market share sales combined with systemic weakness across the semiconductor sector. The company's fundamentals remain solid, with outstanding Q1 earnings performance, packaging and testing service price increases of 5% to 20%, an upward revision of its advanced packaging revenue target to $3.5 billion, and active capacity expansion in AI and high-performance computing segments, all providing strong support for the stock price.
Within the Semiconductors sector, sentiment continues to recover. Among individual stocks, NVIDIA up 0.71%, Micron Technology up 4.70%, Advanced Micro Devices up 2.09%, Intel up 2.00%, Qualcomm up 2.12%.
(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.)