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The electric vehicle (EV) market is likely headed toward a slump in 2024. Interest rates remain elevated, and the Federal Reserve does not want to be hasty about cutting them either.
ON Semiconductor Corp. (ON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
ON Semiconductor Corporation issued a tepid Q1'24 guidance, but the stock didn't crash. ON has clawed back most of its January losses, even though 2024 could be another year of disappointing growth. onsemi remains well-positioned to gain more share in the SiC market, partaking in the recovery in the automotive market.
On Semiconductor gave investors an impressive quarterly update.
Aehr Test Systems has been throttled by the slowdown in EV industry growth. The company still has lots of potential, but spending from its largest customer could be a headwind this year.
The semiconductor industry is experiencing a strong demand for chips across various sectors, such as automotive, cloud computing and artificial intelligence. A lot of this demand has led to the rise of semiconductor stocks such as Nvidia (NASDAQ: NVDA ) and Advanced Micro Devices (NASDAQ: AMD ).
onsemi's (ON) fourth-quarter 2023 performance reflects strong demand for Power solutions and automotive products.
ON Semiconductor Corporation (ON) Q4 2023 Earnings Call Transcript
ON Semiconductor CEO Hassane El-Khoury talks about their fourth-quarter results that beat expectations. The chipmaker and supplier of semiconductors to electric vehicle makers, says 2023 was a good year, but 2024 could be more challenging.
The headline numbers for ON Semiconductor Corp. (ON) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.