Prediction: Buying ON Semiconductor Stock Today Could Set You Up for Life

It's time to revisit the investment case for ON Semiconductor (NASDAQ: ON). The stock is up 114% year to date as I write, and many of the factors that made it a top stock to buy for 2026 remain in place today. However, valuations still matter, so is ON Semiconductor still a great stock for long-term investors? I think the answer is yes, and here's why.The company's silicon carbide (SiC) and gallium nitride (GaN) power and sensing chips make it a leading player in the electrification of the economy. SiC and GaN possess properties that make them ideal for use in high-voltage and high-switching applications.Going into 2026, the case for buying the stock was based on the near-term catalyst of the company passing an inflection point in both its automotive (electric vehicles, or EVs) and industrial end markets (such as factory automation). In addition, the company has a small but rapidly growing exposure to data centers (revenue up 30% sequentially in the first quarter), not least through its partnership with Nvidia to create chips for a new high-voltage class of AI data centers. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool