Onsemi (NASDAQ: ON) is on track for a semiconductor supercycle that could add 100% to its share price over the next few quarters.
The company’s semiconductor products are well-suited to a range of end markets that rely heavily on power consumption and are in increasing demand, driven by the growing adoption of AI. The industrial, autonomous vehicles, cloud, 5G, and IoT markets are in an upcycle that may last for years, if not a decade or more, as technology advances, AI adoption increases, and societal penetration grows.
