Onto Innovation: Accelerating Growth Amid AI Tailwinds
Onto Innovation(ONTO) Seeking Alpha·2024-08-23 08:39krystiannawrocki/iStock via Getty Images Onto Innovation (NYSE:ONTO) is riding the wave of AI semiconductor proliferation, as led by Nvidia (NVDA). The company is seeing a huge influx of demand for high bandwidth memory and advanced packaging products for semiconductor companies. This space of semiconductor equipment has proven to be lucrative, with companies directly involved seeing significant revenue acceleration with good visibility. Onto has recently called out strong growth in 2024 and into 2025, allo ...