🟢 ON is trading 7.3% up today on AI infrastructure and power-semiconductor demand

ON is trading 7.3% up today at $124.67, extending its recent rally as investors pile into power-semiconductor names tied to AI infrastructure demand.

• The move is supported by strong sector sentiment after peer Navitas surged on optimism surrounding AI-related power chips.
• There are no new company-specific headlines for ON today, with the gains driven by broader enthusiasm for the power-semiconductor space.