15 Trending AI Stocks on Latest News and Analyst Ratings

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. For example, the multiphase controllers of ON are able to accurately and quickly supply power to all server racks in AI data centers, making them more energy efficient compared to competitors. On November 11, Loop Capital analyst Gary Mobley initiated coverage of the stock with a Buy rating and $95 price target. The company has been a consensus short since late 2023 or once automotive tier-one names began bringing down days of inventory held amid a backdrop of flattening light vehicle production, the advisory told investors in a research note. While cyclical headwinds may limit ON’s bounce off the bottom, however, the advisory believes that investors should overweight stocks with high exposure to the automotive end market and overweight the companies exposed to the fastest growing automotive trends like powertrain electrification and AD/ADAS.