By Lee Samaha
Publication Date: 2026-10-11 11:15:00
ON Semiconductor (ON -2.37%) was a great value going into 2026, and despite the 43% rise in 2026, it’s arguably still one now. The investment case for the stock rests on the idea that its current core exposure to electric vehicles (EVs) and industrial applications implies ongoing growth.
Meanwhile, it has a fast-growing exposure to AI data center infrastructure, including a key partnership with Nvidia (NVDA -0.52%). Equally important, long-term growth comes from its exposure to physical AI.
ON Semiconductor is an AI stock now
The company is best known for its power and sensing chips, which are primarily sold into the automotive market (mainly electric vehicles) and to a wide range of industrial customers (EV infrastructure, industrial automation, motor control, robotics, etc.). Its power solutions enable lightweight, long-range EVs, and its sensing technology is used in advanced driver assistance systems (ADAS).
Today’s Change
(-2.37%) $-1.88
Current Price
$77.53
Key Data Points
Market Cap
Day’s Range
$75.78 – $81.25
52wk Range
$44.56 – $134.92
Volume
10.3M
Avg Vol
10M
Gross Margin
37.13%
Its “other” end market is what management lumps in everything else. Usually, “other” would be something of an afterthought. Still, its fast-growing data center business is included, and it is largely responsible for the fast-growing…
