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Updated · MarketWatch · May 8ON Semiconductor stock rises 2.57% in favourable market session
10 articles · Updated · MarketWatch · May 8
- Shares closed at $103.20 on Friday, with trading volume of 10.8 million topping the 50-day average of 9.7 million.
- The gain came as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
- ON Semiconductor finished 2.55% below its 52-week high of $105.90 reached on May 6, while rivals Nvidia, Broadcom and Qualcomm also advanced.
As insiders sell millions in stock, is ON Semiconductor's record price a bubble waiting to pop? Can ON Semiconductor deliver on its huge AI growth promises despite facing critical production delays?