Amkor Reaffirmed as Buy with $55 Target on $3 Billion NVIDIA Deals

Amkor Technology, Inc. has been reaffirmed with a Buy rating and a revised price target of $55 per share.

The positive outlook is driven largely by Amkor’s expanding partnership with NVIDIA. Multi-year agreements totaling approximately $3 billion cover advanced AI semiconductor packaging. The agreements include prepayments from NVIDIA, which analysts say help reduce the risk of Amkor’s investments to expand production capacity.

Amkor’s gross margin is projected to approach 19% by the third quarter, supported by growth in AI packaging. Strength in the computing sector is expected to offset current weakness in the communications market.