🔴 ON is trading 4.1% down today as semiconductor and AI sell-off continues

ON is trading 4.1% down today at $112.32 as the semiconductor and AI-driven sell-off continues to impact the sector.

• The decline follows an 11% drop on June 23, 2026, when the Philadelphia Semiconductor Index fell amid concerns over debt-fueled AI spending.
• Today’s move appears to be a continuation of sector-wide repricing rather than new company-specific developments for ON.
• Market sentiment remains cautious regarding the long-term profit sustainability of AI investments across the industry.