Is ASE Technology (ASX) One of the Best Long-Term Growth Stocks to Invest in Now?

ASE Technology Holding Co., Ltd. (NYSE:ASX) is one of the best long-term growth stocks to invest in now. BofA lifted the price target on ASE Technology Holding Co., Ltd. (NYSE:ASX) to $48 from $36 on June 24 and reaffirmed a Buy rating on the shares. The firm told investors that the company is positioned to benefit from the expansion of AI infrastructure across three major compute categories, which include GPUs, ASICs, and server CPUs, via its VIPack solution.

In its unaudited consolidated financial results for fiscal Q1 2026, ASE Technology Holding Co., Ltd. (NYSE:ASX) reported net revenues of NT$173,662 million for the quarter, up by 17.2% year-over-year and down by 2.4% sequentially. Management reported that net income attributable to shareholders of the parent for fiscal Q1 totaled NT$14,148 million, up from NT$7,554 million in fiscal Q1 2025 and down from NT$14,713 million in fiscal Q4 2025. In addition, basic earnings per share for fiscal Q1 2026 reached NT$3.24 (or US$0.205 per ADS), compared to NT$1.75 for 1Q25 and NT$3.37 for fiscal Q4 2025.

ASE Technology Holding Co., Ltd. (NYSE:ASX) provides semiconductor manufacturing services and is involved in the development and offering of complete turnkey solutions in IC (Integrated Circuit) packaging, front-end engineering testing, design and production of interconnect materials, wafer probing and final testing, as well as electronic manufacturing services.

While we acknowledge the potential of ASX 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.

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