- The Zacks Analyst Blog Cummins, Suncor and ASE
May 12, 2026 · zacks.com
Trump???s China visit, U.S. inflation data and Saudi Aramco earnings headline a global week shaped by trade, oil and war risks.
- ASE Technology Holding Co Ltd (ASX) Stock Up 3.1% but GF Value Says Overvalued -- GF Score: 75/100
May 11, 2026 · gurufocus.com
On May 11, 2026, ASE Technology Holding Co Ltd (ASX) shares rose 3.1% to $35.30. The stock has experienced significant price movements recently, with a 52-week
- Can Strong Smartphone Demand Boost AMKR's Communications Revenues?
May 11, 2026
Amkor Technology AMKR is benefiting from resilient premium smartphone demand, with its communications segment emerging as a robust growth contributor in the first-quarter of 2026. The advanced packaging and test services provider recorded 42% year-over-year growth in communications revenues during the quarter, supported by healthy iOS ecosystem demand and stable Android shipments.
The broader smartphone market continues to provide a favorable structural backdrop, driven by rising premium device adoption, accelerating 5G penetration and deeper AI integration within handsets. As processors grow more complex and AI functionality increasingly shifts on-device, demand for advanced packaging formats such as flip chip and system-in-package solutions is expected to remain healthy.
Amkor appears well-positioned to capitalize on these trends through ongoing advanced packaging expansion in Korea and Taiwan. The company is shifting select system-in-package production to Vietnam to create additional manufacturing capacity for higher-value programs. Improving utilization across advanced packaging facilities is further supporting operational efficiency as premium smartphone demand remains healthy.
For the second quarter of 2026, communications revenues are projected to grow in the mid to high single-digit range sequentially on continued iOS ecosystem strength. The full-year outlook has improved, with growth now anticipated in the high single-digit range and potentially approaching double digits. The Zacks Consensus Estimate for AMKR's second-quarter advanced products revenues is pegged at $1.45 billion, indicating 14.39% year-on-year growth, reflecting sustained demand across the company's higher-value packaging portfolio.
Material pricing pressures and geopolitical risks remain watchpoints, though if premium smartphone demand stays resilient and industry growth trends hold, strong communications revenue could well remain a defining feature of AMKR's growth narrative going forward.
AMKR Faces Stiff Competition
AMKR faces stiff competition from ASE Technology ASX and Taiwan Semiconductor Manufacturing Company TSM, both of which are expanding advanced packaging capabilities to address rising demand from premium smartphones and AI-enabled devices. ASE Technology continues to strengthen its outsourced semiconductor assembly and test footprint through investments in advanced packaging and system-in-package technologies used across flagship smartphones and connected devices. ASE Technology is also benefiting from the growing demand for advanced mobile processors and AI-driven semiconductor applications.
Taiwan Semiconductor is aggressively scaling CoWoS and other advanced packaging solutions to support increasingly complex processors used in smartphones and high-performance computing applications. Taiwan Semiconductor’s continued investments in advanced packaging are intensifying competition across the semiconductor packaging ecosystem, increasing pressure on Amkor to maintain technology leadership and deepen relationships with premium smartphone customers.
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AMKR’s Share Price Performance, Valuation & Estimates
Amkor Technology shares have surged 94.1% in the year to date period compared with the Zacks Electronics - Semiconductors industry’s appreciation of 41.6% and the Zacks Computer and Technology sector’s return of 16.7%.
AMKR’s Price PerformanceZacks Investment Research
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Amkor Technology's stock is trading at a forward 12-month price/sales of 2.44X compared with the industry’s 9.5X. AMKR has a Value Score of C.
AMKR’s ValuationZacks Investment Research
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The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, up by 67.86% over the past 30 days, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report
Amkor Technology, Inc. (AMKR) : Free Stock Analysis Report
ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Why ASX and IONQ May Gain 15%+ in the Quantum-Semiconductor Space
May 8, 2026
Quantum computing is emerging as the next battleground in the global semiconductor race. The U.S.-China rivalry, initially focused on AI chips, is increasingly expanding into quantum infrastructure, advanced lithography and strategic supply chains. Washington’s export restrictions on advanced semiconductors and chipmaking equipment, first introduced in 2022 and tightened repeatedly through 2025-2026, now extend beyond AI into broader national-security technologies, including quantum-related capabilities.
Washington now views advanced chips, semiconductor manufacturing equipment and related technologies as critical to military competitiveness and economic security. In January 2026, the White House proposed additional measures under Section 232 to strengthen domestic semiconductor manufacturing and reduce dependence on foreign supply chains.
Accordingly, investor attention is rapidly shifting toward companies positioned at the intersection of advanced semiconductors and next-generation quantum computing architectures. However, amid rising investor enthusiasm, many semiconductor stocks have already climbed to or near their all-time highs, increasing concerns over near-term valuation corrections. Against this backdrop, ASE Technology ASX and IonQ IONQ are two closely watched names for investors seeking exposure to the evolving semiconductor-quantum computing space, with both stocks carrying potential for more than 15% upside in the near term.
Quantum and Semiconductor Investments Accelerate
Quantum computing and advanced semiconductors are rapidly becoming central to global technology investment as governments and corporations race to secure leadership in next-generation computing infrastructure. According to McKinsey & Company, governments worldwide announced more than $10 billion in quantum-related public funding initiatives in early 2025 alone, reflecting accelerating strategic interest in the sector.
The United States, China, the European Union, Japan, India and Canada are all expanding national programs tied to quantum computing, semiconductor manufacturing and post-quantum cybersecurity. India’s National Quantum Mission carries a planned investment of roughly $1 billion, while China has significantly increased state-backed spending on semiconductors, AI and quantum technologies (Quantum Insider).
At the same time, rising AI workloads are increasing demand for advanced packaging, photonics and high-performance chips, further strengthening the importance of semiconductor leaders such as ASML Holding ASML, Taiwan Semiconductor Manufacturing Company TSM and Applied Materials AMAT within the evolving quantum-computing space.
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Semiconductor and Quantum Picks with Strong Upside
ASX: It is increasingly emerging as a strategic beneficiary of the global AI and advanced-computing boom due to its leadership in semiconductor packaging and testing. As AI accelerators and high-performance chips become more complex, demand for advanced packaging technologies such as 2.5D and chiplet integration continues to rise. Recent industry developments, including aggressive investments across Taiwan’s advanced packaging ecosystem, highlight the growing importance of backend semiconductor infrastructure in enabling next-generation AI and quantum workloads.
This Zacks Rank #1 (Strong Buy) semiconductor stock has a Growth Score of A. Our research shows that stocks with a Growth Style Score of A or B, when combined with a Zacks Rank #1, 2 (Buy) or 3 (Hold), offer the best upside potential. Based on short-term price targets offered by two analysts, the average price target for ASE Technology represents an increase of 18.48% from the last closing price. You can see the complete list of today’s Zacks #1 Rank stocks here.Zacks Investment Research
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IONQ: In April 2026, this pureplay quantum computing company achieved a major milestone by successfully photonically interconnecting two quantum systems, a key step toward scalable networked quantum computing. IonQ was also selected for DARPA’s HARQ program focused on modular quantum architectures and recently raised its 2026 revenue guidance following strong demand growth. The company’s acquisitions in quantum networking and secure communications further reinforce its strategy to build a full-stack quantum ecosystem spanning computing, networking, sensing and cybersecurity.
The stock carries a Zacks Rank #3. The Zacks Consensus Estimate for the company’s second-quarter 2026 bottom line is pegged at a loss of 24 cents per share, implying 65.7% projected growth year over year. Based on short-term price targets offered by 12 analysts, the average price target represents an increase of 39.8% from the last closing price.Zacks Investment Research
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ASML Holding N.V. (ASML) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
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- Why ASX and IONQ May Gain 15%+ in the Quantum-Semiconductor Space
May 8, 2026 · zacks.com
ASE Technology and IonQ are gaining attention as quantum and semiconductor investments surge, with analysts projecting 15%+ upside potential.
- ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*
May 8, 2026
TAIPEI, May 8, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TWSE: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for April 2025.
CONSOLIDATED NET REVENUES (UNAUDITED) Apr Mar Apr Sequential YoY (NT$ Million) 2026 2026 2025 Change Change Net Revenues 62,247 61,577 52,211 +1.1 % +19.2 % Apr Mar Apr Sequential YoY (US$ Million) 2026 2026 2025 Change Change Net Revenues 1,957 1,949 1,590 +0.4 % +23.1 %
Net revenues for ATM assembly, testing and material business are as follows: ATM NET REVENUES (UNAUDITED) Apr Mar Apr Sequential YoY (NT$ Million) 2026 2026 2025 Change Change Net Revenues 40,502 39,823 31,312 +1.7 % +29.3 % Apr Mar Apr Sequential YoY (US$ Million) 2026 2026 2025 Change Change Net Revenues 1,274 1,261 953 +1.0 % +33.6 %
*This press release is intended to comply with Taiwan regulatory requirements.
Safe Harbor Notice:
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2025 Annual Report on Form 20-F filed on April 1, 2026.
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Investor Relations Contact: ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.comCision
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- ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*
May 8, 2026 · prnewswire.com
TAIPEI, May 8, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TWSE: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for April 2025.
- ASE TECHNOLOGY HOLDING CO., LTD. ANNOUNCES MONTHLY NET REVENUES*
May 8, 2026
TAIPEI, MAY 8, 2026 /PRNEWSWIRE/ -- ASE TECHNOLOGY HOLDING CO., LTD. (NYSE: ASX, TWSE: 3711, "ASEH" OR THE "COMPANY"), ANNOUNCES ITS UNAUDITED CONSOLIDATED NET REVENUES FOR APRIL 2025.
- ASE Technology Holding Co. (ASX) Reports Unaudited Consolidated Financial Results for Q1 2026
May 7, 2026
ASE Technology Holding Co., Ltd. (NYSE:ASX) is one of the top semiconductor stocks in our ranking of the top 10 chip stocks by YTD performance. ASE Technology Holding Co., Ltd. (NYSE:ASX) reported its unaudited consolidated financial results for fiscal Q1 2026 on April 29, reporting net revenues of NT$173,662 million for the quarter, up by 17.2% year-over-year and down by 2.4% sequentially. Management reported that net income attributable to shareholders of the parent for fiscal Q1 totaled NT$14,148 million, up from NT$7,554 million in fiscal Q1 2025 and down from NT$14,713 million in fiscal Q4 2025.Is ASE Technology Holding (ASX) Worth Buying on the China H20 Chip Sale Ban?
In addition, basic earnings per share for fiscal Q1 2026 reached NT$3.24 (or US$0.205 per ADS), compared to NT$1.75 for 1Q25 and NT$3.37 for fiscal Q4 2025. Diluted earnings per share for the quarter were NT$3.08 (or US$0.195 per ADS), compared to NT$1.64 for fiscal Q1 2025 and NT$3.24 for fiscal Q4 2025.
ASE Technology Holding Co., Ltd. (NYSE:ASX) provides semiconductor manufacturing services and is involved in the development and offering of complete turnkey solutions in IC (Integrated Circuit) packaging, front-end engineering testing, design and production of interconnect materials, wafer probing and final testing, as well as electronic manufacturing services.
While we acknowledge the potential of ASX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
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- Foreign IT's strongest Quant picks are almost all semiconductors
May 7, 2026
[Growth bar graph]
Dougal Waters
Foreign IT stocks are generating some of the strongest Quant signals in the entire market right now, with nine of the ten names on this list carrying scores above 4.50
Below is a list of the top 10 foreign IT stocks ranked according to their Seeking Alpha Quant Ratings.
The list is topped by Silicon Motion Technology Corporation (SIMO [https://seekingalpha.com/symbol/SIMO]), with a near-perfect Quant Rating of 4.98. Taiwan Semiconductor Manufacturing Company (TSM [https://seekingalpha.com/symbol/TSM]) and Credo Technology Group (CRDO [https://seekingalpha.com/symbol/CRDO]) follow closely behind, each with ratings of 4.97. ASE Technology Holding (ASX [https://seekingalpha.com/symbol/ASX]) and United Microelectronics Corporation (UMC [https://seekingalpha.com/symbol/UMC]) round out the top five.
The list shows a heavy concentration of semiconductor companies, particularly from Taiwan and Hong Kong. European chipmakers Infineon Technologies (IFNNY [https://seekingalpha.com/symbol/IFNNY]) from Germany and STMicroelectronics (STM [https://seekingalpha.com/symbol/STM]) from Switzerland also make strong showings. Kyocera Corporation (KYOCY [https://seekingalpha.com/symbol/KYOCY]) from Japan represents the electronic components sector, while GDS Holdings (GDS [https://seekingalpha.com/symbol/GDS]) and Kingsoft Cloud Holdings (KC [https://seekingalpha.com/symbol/KC]) from China provide exposure to internet services and infrastructure.
Seeking Alpha’s Quant system ranks stocks based on their performance on critical quantitative measures, such as valuation, growth, stock momentum, and profitability. Each stock is rated on a scale of 1 to 5, with any rating above 3.5 indicating a bullish rating. A score of 2.5 or below represents a bearish profile.
Here is the list:
*
Silicon Motion Technology Corporation (SIMO [https://seekingalpha.com/symbol/SIMO]), Quant Rating: 4.98
*
Taiwan Semiconductor Manufacturing Company Limited (TSM [https://seekingalpha.com/symbol/TSM]), Quant Rating: 4.97
*
Credo Technology Group Holding Ltd (CRDO [https://seekingalpha.com/symbol/CRDO]), Quant Rating: 4.97
*
ASE Technology Holding Co., Ltd. (ASX [https://seekingalpha.com/symbol/ASX]), Quant Rating: 4.96
*
United Microelectronics Corporation (UMC [https://seekingalpha.com/symbol/UMC]), Quant Rating: 4.93
*
Infineon Technologies AG (IFNNY [https://seekingalpha.com/symbol/IFNNY]), Quant Rating: 4.82
*
STMicroelectronics N.V. (STM [https://seekingalpha.com/symbol/STM]), Quant Rating: 4.76
*
Kyocera Corporation (KYOCY [https://seekingalpha.com/symbol/KYOCY]), Quant Rating: 4.70
*
GDS Holdings Limited (GDS [https://seekingalpha.com/symbol/GDS]), Quant Rating: 4.56
*
Kingsoft Cloud Holdings Limited (KC [https://seekingalpha.com/symbol/KC]), Quant Rating: 3.96
MORE ON KINGSOFT CLOUD, TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, ETC.
* TSMC: Early Signs Of Formidable Foundry Competition [https://seekingalpha.com/article/4899836-tsmc-stock-early-signs-of-formidable-foundry-competition-downgrade-hold]
* STMicroelectronics N.V. (STM) Shareholder/Analyst Call - Slideshow [https://seekingalpha.com/article/4899803-stmicroelectronics-n-v-stm-shareholder-analyst-call-slideshow]
* Infineon Technologies AG (IFNNY) Q2 2026 Earnings Call Transcript [https://seekingalpha.com/article/4899142-infineon-technologies-ag-ifnny-q2-2026-earnings-call-transcript]
* SA analyst upgrades/downgrades: TSM, OXY, VLO, HOG [https://seekingalpha.com/news/4588688-sa-analyst-upgradesdowngrades-tsm-oxy-vlo-hog]
* Infineon Technologies AG Non-GAAP EPS of €0.34, revenue of €3.81B; updates FY26 outlook [https://seekingalpha.com/news/4586623-infineon-technologies-ag-non-gaap-eps-of-034-revenue-of-381b-updates-fy26-outlook]
