Onto Innovation is trading 6.1% down today at $300.35 on profit-taking and broader semiconductor sector weakness following a sharp AI-driven rally.
- The decline follows a period of significant gains fueled by high demand for advanced packaging and High Bandwidth Memory (HBM) technologies.
- Broader chip stocks are facing pressure from geopolitical tensions and a sentiment-driven sell-off triggered by a slump in SK Hynix.