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Why are Amkor (AMKR) shares soaring today

Amkor Technology (AMKR) shares jumped 7.1% in pre-market trading after the company announced a new $1.3 billion agreement with NVIDIA to expand capacity in South Korea, bringing total multi-year commitments across Arizona and South Korea to $3 billion. The stock later cooled to $42.94, up 3% from the previous close. The article says the deal gives Amkor clear revenue visibility and underscores the importance of advanced packaging for high-performance chip demand. Amkor's shares are very volatile, with 68 moves greater than 5% over the past year, and they are flat year to date and 54.1% below their 52-week high of $93.55 from June 2026.

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AmkorNvidiasemiconductorschip packaging

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MarketUS stocks
SectorInformation Technology
IndustrySemiconductors
Market cap$5.2T
Close on 10/21/2026221.87
Change that session+2.49%
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