QM · rank #13 · 2026-09-08
ASX
NYSE · $96.54B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +275.03% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +17.0% |
| Profit margin Net profit margin, trailing 12 months. | +8.6% |
| Market cap (USD) Size filter: > $500M required. | $96.54B |
| Anchor (recent) Close on 2026-08-07 | $37.39 |
| Anchor (far) Close on 2025-08-08 | $9.97 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
ASE Technology (ASX) is the world's largest outsourced semiconductor assembly and test (OSAT) provider, generating the bulk of revenue from ATM services now surging on AI-driven advanced packaging demand.
Rationale
The momentum signal (2.75) is directly reinforced by fundamental acceleration — Q2 2026 revenues +26.7% YoY with operating profit more than doubling — while ROE of 17% and positive profit margin confirm the quality screen is capturing real earnings power, not multiple expansion alone.
Material risks
- 1Key hyperscaler and fabless customers (e.g., Nvidia, AMD ecosystem) are actively investing in in-house advanced packaging capacity, which is the single most cited disqualifier for an OSAT bottleneck thesis and could structurally compress ASE's addressable volume over a 2–3 year horizon.
- 2Taiwan-China-U.S. geopolitical and export-control escalation poses an asymmetric operational risk — a disruption event would simultaneously impair revenue visibility, capex returns, and ADR investor access, with limited ability for ASE to hedge geography quickly.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.