Key HighlightsShares of Amkor Technology surged 12.2% in extended trading, reaching $73.30 following the announcement of a strategic collaboration with NvidiaThe partnership includes a prepayment from Nvidia to finance expansion of Amkor’s advanced packaging operations in ArizonaThe collaboration emphasizes high-density interconnect technology and heterogeneous chip integration for AI computing applicationsThis agreement supplements Amkor’s existing 10-year TSMC partnership established in June 2026 for advanced packaging services in ArizonaThe company is set to release Q2 2026 financial results on Monday, July 27Shares of Amkor Technology climbed 12.2% to $73.30 during after-hours trading on Thursday following the revelation of a multi-year strategic collaboration with Nvidia valued at $1.5 billion. During regular market hours, the stock had finished at $65.33, declining 2.45%.Amkor Technology, Inc., AMKRThe agreement stipulates that Nvidia will supply advance funding to facilitate the expansion of Amkor’s advanced packaging and testing capabilities within the United States, particularly at its Arizona production facility.Both organizations plan to synchronize their long-term technological development plans, concentrating on high-density interconnect solutions and advanced heterogeneous chip integration techniques — technologies that have become essential as artificial intelligence chip demand consistently exceeds available supply.NVIDIA COMMITS $1.5B TO AMKOR PACKAGING$AMKR says $NVDA will provide a $1.5 billion prepayment under a multi-year advanced packaging and development agreement. The funding will support Amkor's expansion of US packaging capacity at its Arizona campus.The companies will jointly… pic.twitter.com/vQZFMd0BwR— Wall St Engine (@wallstengine) July 23, 2026Kevin Engel, CEO of Amkor, stated: “This strategic partnership with NVIDIA underscores the central role advanced packaging plays in enabling the future of AI.”This collaboration builds upon an existing business relationship. Amkor has served as a long-term provider of advanced packaging solutions for Nvidia’s data center processing units. However, this new agreement substantially broadens the scope of that partnership.The revelation also comes after Amkor’s June 2026 arrangement — a decade-long contract with TSMC focused on advanced packaging operations in Arizona. When combined with the Nvidia collaboration, these agreements signal Amkor’s evolution from a conventional outsourced semiconductor assembly company to a critical AI infrastructure collaborator.Financial Results Expected MondayAmkor plans to unveil its Q2 2026 financial performance following the market close on Monday, July 27. During Q1, the organization exceeded expectations on both revenue and earnings per share — revenue surpassed projections by 1.98% while EPS outperformed forecasts by 37.50%.The Nvidia agreement provides substantial revenue predictability leading into that announcement.Wall Street PerspectiveB. Riley Securities upheld a Neutral stance on Amkor this Wednesday while reducing its price objective from $90 down to $75. This revised target now hovers marginally above Thursday’s after-hours trading price of $73.30.Amkor commands a market capitalization of $16.19 billion. The stock’s 52-week trading range extends from a low of $20.87 to a peak of $96.66. Over the trailing 12-month period, shares have appreciated 203.58%.The Relative Strength Index registers at 43.11, with the stock currently positioned at 58.66% of its 52-week price range.Broader equity markets showed modest movement Thursday, with the S&P 500 advancing 0.2%, the Dow gaining 0.5%, and the Nasdaq rising 0.2% — performance that doesn’t account for the magnitude of Amkor’s price movement.The advance funding arrangement with Nvidia delivers both revenue stability and strategic endorsement for Amkor’s domestic expansion strategy in advance of Monday’s quarterly earnings disclosure.The post Amkor Technology (AMKR) Stock Soars 12% on $1.5B Nvidia Deal appeared first on Blockonomi.