🟢 ON Semiconductor Corporation is trading 5% up today as chip stocks rebound from last week's AI selloff

ON Semiconductor Corporation is trading 5% up at $123.16 as the semiconductor sector rebounds from last week's sharp selloff in AI-related stocks.

• The move aligns with a broader bounce in chip names and growth tech as U.S. equities recover from recent lows.
• Sector sentiment is improving following heavy profit-taking tied to AI leaders and previous concerns regarding rising interest rates.