AINeutralBlockonomi · May 116/10
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ON Semiconductor (ON) Stock Soars Nearly 90% YTD on AI Infrastructure Boom
ON Semiconductor's stock has surged approximately 90% year-to-date, driven by robust Q1 earnings and escalating demand for AI data center infrastructure. However, analyst price targets indicate the stock may have limited upside potential from its current valuation levels, suggesting the market has already priced in significant growth expectations.