AIBullishBlockonomi · 5h ago6/10
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BofA Elevates ON Semiconductor (ON) Stock to Buy With $85 Target Amid AI Growth
Bank of America upgraded ON Semiconductor to Buy with an $85 price target, citing strength in AI-related power solutions and the Treo product line. The upgrade reflects confidence in ON's positioning within the AI semiconductor supply chain, backed by a $6 billion three-year buyback commitment.