🟢 ON Semiconductor is trading 4.2% up today as chip stocks rebound sharply

ON Semiconductor is trading at $83.44 (+4.19%) as semiconductor stocks rebound sharply following recent sector-wide weakness.

• The move aligns with a broader rally in the SOXX ETF, which is up 5.59%, alongside gains in major peers including NVIDIA, TSMC, and AMD.
• No company-specific catalysts were identified for the move, suggesting the advance is driven primarily by a recovery in sector sentiment after recent AI-spending concerns.