ON Semiconductor Corporation is trading 4.2% down at $126.24 in pre-market, extending a reversal from earlier this week's rally amid broader semiconductor sector volatility.
- The move follows a sharp two-day rally, suggesting a continued technical pullback as the stock gives back recent gains.
- Sentiment in the chip sector remains pressured following Broadcom’s disappointing reaction to its earnings report and AI-related guidance.
- There are no fresh company-specific headlines this morning to account for the price action.