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Why Amkor Rallied This Week

TheMotleyFool

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Why Amkor Rallied This Week: https://g.foolcdn.com/editorial/images/738157/artificial-intelligence-ai-on-circuit-board.jpg

Shares of Amkor Technology (NASDAQ: AMKR) rose 14.6% this week, according to data from S&P Global Market Intelligence.

The outsourced assembly and test company (OSAT) to the semiconductor industry posted big gains, as rumors swirled that artificial intelligence (AI) chip star Nvidia (NASDAQ: NVDA) was helping or collaborating with Amkor on advanced packaging technology for AI chips.

Any company that is mentioned in the same breath as Nvidia is bound to get some interest these days, and Amkor was no different, with the stock rising more than 8% on Tuesday, the day these rumors were published in Taiwan technology publication Digitimes.

Source Fool.com

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