The Zhitong Finance App learned that after announcing its second-quarter results and performance guidelines, Onsemi Semiconductor (ON.US) was generally favored by Wall Street analysts. The company's stock price once rose about 7% before the market on Tuesday, but after opening, the stock erased pre-market gains. As of press time, the stock rose 0.58% to $80.92. Many organizations believe that the artificial intelligence (AI) data center business is becoming the company's most important growth engine. At the same time, industrial and automotive businesses are gradually improving, and superimposed orders, capacity utilization, and gross margin continue to rise, and the company's fundamentals are expected to improve further.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that after announcing its second-quarter results and performance guidelines, Onsemi Semiconductor (ON.US) was generally favored by Wall Street analysts. The company's stock price once rose about 7% before the market on Tuesday, but after opening, the stock erased pre-market gains. As of press time, the stock rose 0.58% to $80.92. Many organizations believe that the artificial intelligence (AI) data center business is becoming the company's most important growth engine. At the same time, industrial and automotive businesses are gradually improving, and superimposed orders, capacity utilization, and gross margin continue to rise, and the company's fundamentals are expected to improve further.
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