ASX is trading 4% down at $43.30 on profit-taking after a sharp late-June rally driven by enthusiasm over AI chip packaging demand.
- The stock is retracing a portion of its gains following a more than 6% jump on June 30, 2026.
- Broader semiconductor and AI sectors are experiencing choppy trading after a blockbuster first half.
- The current decline is characterized as normal volatility following the recent surge in demand expectations.