On July 27, ASE Technology rose 3.12% overnight, trading at $37.98/share, with turnover of $32,000.
On the news front, the semiconductor sector staged a broad-based rebound, with Micron Technology up 2.6%, Intel up 2.3%, AMD up 1.97%, Broadcom up 1.92%, and NVIDIA up 1.07%, collectively lifting individual names including ASE Technology. The company is scheduled to report quarterly earnings on July 30, with consensus expectations pointing to revenue of $5.95 billion, representing a 23.25% year-over-year increase, and EBIT growth of 92.07% year-over-year. Additionally, the company has raised advanced packaging prices three consecutive times this year, with the latest round in early July reaching increases of over 20%, reinforcing a volume-and-price-driven growth thesis ahead of the earnings release.
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