🟢 ON Semiconductor Corporation is trading 5.5% up today as chip stocks rebound from sector-wide selloff

ON Semiconductor Corporation is trading 5.5% up at $123.66 in pre-market, rebounding after Friday’s sharp semiconductor selloff tied to weak AI sentiment from Broadcom’s guidance.

• The move appears to be a relief rally across the chip sector as Nasdaq futures and broader indices trade higher.
• No new company-specific news, earnings, or guidance updates have been reported for ON Semiconductor Corporation this morning.