Amkor Technology - Amkor's revenue in Q2 2025 increased by 3% year over year to $1.5 billion, with earnings per share (EPS) at $0.22 [2] - The company's gross margin was 12%, impacted by preparation costs for new products and challenges in scaling up manufacturing in Vietnam, though these are expected to be temporary [2] - Amkor is the second-largest outsourced semiconductor assembly and test (OSAT) provider globally, crucial for the semiconductor manufacturing ecosystem [3] - The company offers advanced packaging solutions, including 2.5D and High-Density Fan-Out (HDFO), which are essential for integrating high-bandwidth memory in next-generation computing chips [7] - Amkor's advanced packaging and testing facilities in South Korea and Taiwan are operating at high utilization, with plans for further capacity expansion [8] - As of Q2, Amkor had $2 billion in cash and $3.1 billion in total liquidity, with total debt at $1.6 billion, indicating strong financial flexibility [9] - The company trades at nearly 20 times forward earnings, which is considered reasonable given its exposure to AI-driven demand [9] Vertiv Holdings - Vertiv has become a key player in AI infrastructure, providing essential power and thermal management systems for AI data centers [10] - The company's net sales rose by 35% year over year to over $2.6 billion in Q2, with a backlog increase of 21% to $8.5 billion, indicating strong revenue visibility for 2025 [12] - Vertiv is targeting net sales of $10 billion and adjusted diluted EPS of $3.80 for the current year, with an adjusted operating margin goal of 20% in 2025 and 25% by 2029 [12] - The acquisition of Great Lakes has enhanced Vertiv's capabilities in integrating power and thermal systems with IT hardware in data centers [13] - Vertiv's liquid-cooling systems have scaled capacity over 40 times since 2024, driven by demand for high-density server racks [11] - The company expects to generate adjusted free cash flow of $1.4 billion in fiscal 2025, with a net leverage ratio of only 0.6x, providing ample flexibility for growth initiatives [16] - Vertiv shares trade at approximately 33.4 times forward earnings, justified by strong demand for its solutions in the AI infrastructure buildout [17]