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Amkor Technology shares surged 12.2% after hours after securing a multi-year AI semiconductor packaging partnership with Nvidia.
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Amkor Technology has entered into a new $1.3 billion agreement with NVIDIA to expand its 2.5D/3D advanced packaging capacity in South Korea, bringing their total multi-year commitment to $3 billion.
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U.S. tech funds experienced $5.21 billion in net outflows during the week ended Oct. 14, as investors rotate holdings due to concerns about AI infrastructure debt financing, higher borrowing costs, and tech valuations. However, the article advises that this rotation doesn't signal the end of tech's long-term prospects. Before selling, investors should evaluate whether tech holdings still align with their financial goals and risk tolerance, considering gradual rebalancing rather than panic selling.