🟢 ON is trading 11.1% up today as investors pile into AI infrastructure and power chips

ON is trading 11.1% up at $129.08, extending a sharp multi-day rally as investors pile into semiconductor names leveraged to AI infrastructure.

• The move follows a rotation into AI data-center and power-chip plays, supported by a surge in peer Navitas and broader strength in chip stocks.
• Gains are fueled by accelerating AI server and data-center buildouts, increasing demand for specialized power semiconductors.

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