15 Trending AI Stocks on Latest News

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12. ON Semiconductor Corporation (NASDAQ:ON)

Market Capitalization: $29 Billion   

ON Semiconductor Corporation (NASDAQ:ON) provides intelligent sensing and power solutions in the United States and internationally. The firm markets innovative power supply solutions used to power high-density servers that can handle the larger data loads and intense power consumption required to power many Gen-AI applications and tools. KeyBanc analyst John Vinh recently penned an investor note on the company, highlighting the launch of its analog mixed-signal platform Treo, which, per the analyst, should generate margin-accretive revenue in 2025. The analyst further added that some Tier 1 suppliers were increasing their working relationship with On, as they look to hold lower levels of inventory, with Volkswagen cited as one example. The company is also making share gains in silicon carbide at Tesla, Vinh noted.

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