🟢 ON Semiconductor Corporation is trading 4.5% up as analysts turn bullish and a new leveraged ETF launches

ON Semiconductor Corporation is trading up 4.5% to €108.40, driven by positive sector sentiment and new analyst commentary.

• Investors are rotating into chipmakers tied to artificial intelligence and automotive technology, with analysts turning more bullish on ON Semiconductor.
• Mizuho has reportedly lifted its price target on the stock to $150, and Bank of America noted an improving outlook in the company's core markets.
• Additionally, a new 2X leveraged single-stock ETF (ticker: ONG) tracking ON Semiconductor launched today, which could increase trading interest.