This Nvidia Partner Was My Top Pick for 2026, and It's Up 43%: Here's Why It's Still a Great Value Now
Key PointsON Semiconductor is poised for strong growth in EVs and industrial applications, including physical AI and AI data centers.
ON Semiconductor (NASDAQ: ON) emerged as a compelling investment opportunity heading into 2026, and despite experiencing a 43% increase during that year, the stock remains an attractive value proposition. The company's growth prospects are underpinned by its core exposure to electric vehicles (EVs) and industrial applications, which are expected to continue expanding in the foreseeable future.
Additionally, ON Semiconductor has been swiftly expanding its presence in the burgeoning AI data center infrastructure sector. This includes a significant partnership with Nvidia (NASDAQ: NVDA), a key player in the AI technology space. This diversified revenue stream from AI applications is a crucial factor driving the company's long-term growth potential.
Perhaps most importantly, ON Semiconductor's long-term growth trajectory is closely tied to its exposure to physical AI. The company is renowned for its power and sensing chips, which are predominantly sold in the automotive market, primarily targeting electric vehicles (EVs). Moreover, its sensing technology finds extensive application in advanced driver assistance systems (ADAS), further bolstering its market position.
To learn more about ON Semiconductor and its potential as a top pick for 2026, continue reading the full article.
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