ON Semiconductor Corporation is trading 4% up at $114.58 as the stock recovers from a recent two-day slide driven by sector-wide rotation.
- The move follows a period of weakness where investors rotated out of AI and semiconductor names, impacting the broader chip sector.
- The recovery is tied to a rebound in tech futures and improved risk sentiment across the market on June 11, 2026.
- There is no fresh, company-specific news or catalysts reported to account for the price action.