Onto Innovation is trading 4.7% down at $264.76 after a sharp recent rally and continued semiconductor-sector weakness.
- Investors are positioning ahead of Onto Innovation’s second-quarter results, scheduled for after the market close on August 6; consensus revenue is near $325 million.
- Broader chip selling is weighing on technology shares, with AMD, Micron, Western Digital, and SanDisk declining amid concerns about elevated AI-investment expectations.