Nvidia's AI Leadership Shines While ON Semiconductor Faces Demand Slump: Analyst

Truist analyst William Stein attended CES 2025 this past week and hosted several meetings with high-profile companies in the semiconductor sector.The over-arching theme is that spending on AI infrastructure is firm, which benefits Nvidia Corp NVDA as it penetrates the $35 billion client compute market, challenging Intel Corp INTC and Advanced Micro Devices, Inc AMD.Demand for diversified end market semiconductors is mixed to weak, with ON Semiconductor Corp ON sounding particularly weak, prompting an analys ...