🟢 ON Semiconductor Corporation is trading 4% up today after Friday’s chip-sector selloff

ON Semiconductor Corporation is trading 4% up at $121.96 in pre-market action, partially rebounding from an -11.05% drop to $117.26 on June 05, 2026.

• The bounce follows a sharp sector-wide semiconductor selloff driven by Broadcom’s weak AI revenue sentiment and a broader risk-off move.
• Futures and Nasdaq pre-market strength are currently providing a more constructive backdrop for chip names following the previous session's decline.