Onto Innovation is trading 4.05% up today at $260.68, continuing a sharp rebound as the broader semiconductor sector recovers from recent volatility.
- The move is primarily driven by a surge in semiconductor stocks, with the SOXX ETF rising over 5% amid renewed optimism surrounding AI infrastructure spending.
- Investor sentiment has improved following better-than-feared earnings reports from major big tech companies and chipmakers.
- The upward price action appears to be sector-wide, as no company-specific news has been released for the stock today.