🟢 ON Semiconductor is trading 5.3% up today on broader semiconductor sector rebound

ON Semiconductor is trading 5.3% up at $95.19 following a sharp rebound across the broader semiconductor sector.

• Sector sentiment improved on stronger AI demand, a recovery in Asian chip markets, and new manufacturing investments across the industry.
• The move appears tied to a sector-wide rally rather than fresh company-specific announcements.
• The stock's performance reflects positive momentum seen across the chipmaking group in pre-market trading.