NasdaqGS:ONSemiconductor
ON Semiconductor’s AI Data Center Surge Fuels Beat And Raises Valuation Questions
ON Semiconductor (NasdaqGS:ON) reported Q1 results with revenue and earnings above prior expectations.
The company highlighted AI data center revenue growth of more than 30% compared with the prior quarter.
Management issued Q2 revenue guidance that came in above previous estimates.
ON Semiconductor enters this new phase of its story with a share price of $120.62 and very strong recent returns, up 3.8% over the past week, 19.7% over the past month, 112.7% year to date, and 187.1% over the...