ON Semiconductor outperforms Nvidia with a 14.2% stock price increase and a 5.4% decline.

ON Semiconductor, focused on automotive and industrial markets, outperforms Nvidia with a 14.2% stock price increase and Nvidia's 5.4% decline. Despite near-term uncertainty, ON Semiconductor is well-positioned for long-term growth, especially in the electric vehicle market. The company's valuation of 18.6x 2024 earnings is considered attractive, potentially contributing to its continued outperformance of Nvidia.

August 03, 2024
3 Articles