On August 28, ASE Technology fell 3.06% in regular trading, trading at $37.59/share, with turnover of $67.42 million. The decline came amid broad-based selling pressure across the semiconductor sector, with industry leaders dragging down overall sentiment.

Within the Semiconductors sector, major names saw significant losses: Marvell Technology fell 10.28%, NVIDIA dropped 3.19%, Intel declined 2.79%, Advanced Micro Devices lost 2.18%, and Micron Technology slid 1.84%. Marvell Technology led losses after its quarterly earnings report failed to impress Wall Street despite revenue growth of 37% exceeding expectations. The Fed Chair reiterated that inflation remains well above the 2% target, with PCE rising 3.7% over the past 12 months, reinforcing a hawkish policy stance that weighed on growth-sensitive sectors.

ASE Technology had previously reported strong Q2 results with EPS of $0.29, beating the $0.17 consensus estimate by over 70%, and July revenue surged 43% year-over-year. The company also recently announced a $29.5 million acquisition of a facility in San Jose, California, to expand North American manufacturing capacity for AI and high-performance computing chips. The current pullback appears driven by sector-wide selling rather than company-specific factors.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)