🔴 ON Semiconductor is trading 5.4% down today amid AI-chip selloff over slower development calls

ON Semiconductor is trading at $72.86 (-5.40%) as broader semiconductor selling intensified after Anthropic and other technology leaders called for slower frontier-AI development.

• The move appears sector-driven rather than company-specific.
• Intel, Micron, AMD, and Marvell also fell sharply.
• No separate ON Semiconductor announcement or company-specific catalyst was identified.