ASE Group

ASX

Market cap $89.3B

ASE Technology Hldg (ASX) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

ASX is benefiting from rising AI packaging demand, expanding LEAP capacity and advanced packaging capabilities to support long-term growth.

TAIPEI, July 9, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for June and 2nd quarter of 2026.

ASX surges 169% YTD as strong AI packaging demand, expanding LEAP capacity and improving margins support its long-term growth outlook.

Semis put in a powerful performance in Q2 2026 thanks to things going its way, which more than made up for what happened in Q1 2026. It is not the only thing that matters, but if semis are to add to gains in H2 2026, AI will need to keep driving growth forward. The AI thesis remains intact, but recent developments leave open the possibility the thesis could still turn out to be flawed.

ASE Technology Hldg (ASX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

During the last two years, the AI trade has increasingly diverged from the broad market. The K-shaped environment, in which investors bought the obvious names—NVIDIA Corp. (NASDAQ:NVDA) , Advanced Micro Devices Inc. (NASDAQ:AMD) , Micron Technology Inc. (NASDAQ:MU) —worked as capital rushed toward silicon.

ASX's AI packaging momentum, record ATM revenues and higher LEAP outlook may support growth as AI infrastructure demand expands.

ASE Technology Hldg (ASX) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

VPG, ASX, SNEX, HOFT and HLIO surge on strong momentum, with sharp price gains and rising earnings estimates signaling potential for continued upside.