Onto Innovation is trading 5.4% up at $293.54 in pre-market, rebounding as investors rotate back into AI-related chip names following a sharp sector-wide selloff last week.
- The move aligns with a broader pre-market rally in semiconductor stocks driven by improving risk sentiment in the technology sector.
- The price action follows several volatile trading sessions for the stock throughout July.
- Today's gains are attributed to market-wide trends rather than any new, company-specific news for Onto Innovation.