10 Stocks Hurting From DeepSeek AI News That Could Turn Into Multibaggers

2. ASE Technology Holding (NYSE:ASX)

ASE Technology is involved in the testing, packaging, and manufacturing of various semiconductor equipment. It is a Taiwan-based company that also produces substrates and offers software and management services to various industries. The company’s stock is down 5% today.

ASX’s services to the semiconductor industry are what is usually referred to as Outsourced Semiconductor Assembly and Test (OSAT). Despite a struggling environment for such companies, ASX stock gained 14% in the last year. In Q3, the company reported a 10% YoY income growth with a 4% revenue growth. It enjoys better margins than its peers, which is what helps its stock’s stability during tough times.

Apart from the cyclicality risk which most semi-stocks suffer from, ASX has an added geopolitical risk because of its base in Japan. As long as the stock continues to strategically align itself with Taiwan Semiconductor Manufacturing, the geopolitical risk is likely to stay mitigated.