ON Semiconductor stock rallies for second straight day
Updated
Updated · MarketWatch · Apr 30
ON Semiconductor stock rallies for second straight day
9 articles · Updated · MarketWatch · Apr 30
Shares rose 1.97% to $100.81 on Thursday, just 0.44% below the 52-week high of $101.26 set on 29 April.
The gain came as the S&P 500 climbed 1.02% to 7,209.01 and the Dow added 1.62% to 49,652.14 in a broadly positive market session.
ON outperformed Nvidia, which fell 4.63%, but lagged Broadcom's 2.95% rise and Qualcomm's 15.12% jump. Trading volume reached 9.3 million, above its 50-day average of 8.5 million.
After a 78% monthly surge, is onsemi's rally fueled by fundamentals or an AI bubble about to burst?
With insiders selling, why do analysts forecast a 33% drop for this stock while it hits record highs?
Is onsemi's multi-billion dollar bet on Silicon Carbide for EVs a guaranteed win or a high-stakes gamble?