Jim Cramer Says "Amkor is Good"

Amkor Technology, Inc. (NASDAQ:AMKR) is one of the stocks Jim Cramer put under the spotlight. Answering a caller’s query about AMKR during the lightning round, Cramer stated:

“Yeah, Amkor is good. But Taiwan Semi is the one that is, you know, rules the roost. And I am concerned that if NVIDIA doesn’t do a good job tomorrow, then Taiwan Semi goes down too, and so does Amkor. So let’s, let’s just wait to see what NVIDIA says. I think it’s worth waiting.”

Amkor Technology, Inc. (NASDAQ:AMKR) provides semiconductor packaging and testing services, including advanced chip, wafer, and system-in-package solutions. On November 12, the company announced a 1% increase in its dividend to $0.08352 per share from $0.0827. Its next dividend is payable by December 23 to the shareholders of record on December 3.

In other news, Amkor Technology, Inc. (NASDAQ:AMKR) provided its fourth-quarter guidance on October 27. The company expects revenues between $1.775 billion and $1.875 billion, 8% below Q3 but representing an increase of 12% year-over-year at the mid-point. The company expects to earn a net income in the range of $95 million to $120 million, which translates to an expected earnings per share of $0.38 to $0.48.

While we acknowledge the potential of AMKR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.