Onto Innovation is trading at $231.38 (-4.34%) as the semiconductor sector remains under pressure from a broader chip and AI market sell-off.
- The stock has now fallen for five straight sessions, weighed down by investor concerns regarding AI capital expenditure returns and increasing competition from Chinese chipmakers.
- The decline appears driven by sector-wide volatility rather than company-specific news, with the SOXX ETF dropping 4.45% as the market reassesses the sustainability of the AI trade.