ON Semiconductor stock rises 3.02% but trails some rivals
Updated
Updated · MarketWatch · May 6
ON Semiconductor stock rises 3.02% but trails some rivals
10 articles · Updated · MarketWatch · May 6
The shares closed at $105.77 on Wednesday, just 0.04% below their 52-week high of $105.81 set on 5 May.
It was the stock's second straight gain in a broadly positive session, as the S&P 500 rose 1.46% and the Dow added 1.24%.
Among peers, Nvidia climbed 5.77%, Qualcomm gained 3.23% and Broadcom slipped 0.45%, while ON Semiconductor volume surged to 21.8 million against a 50-day average of 9.2 million.
Analysts warn onsemi is 34% overvalued. Is its record stock price a sign of strength or a bubble about to pop?
onsemi is betting its future on silicon carbide. Can it win the tech race before fierce competition erodes its high-margin dream?