Why I’ve Begun Accumulating ON Semiconductor
The author, Alex Sirois, is accumulating ON Semiconductor (ON) stock due to its strong performance in AI data center revenue, which more than doubled in Q2 2026, and its strategic position in the AI power tree. The company also benefits from significant free cash flow growth, robust share buyback programs, and key design wins with NVIDIA and AWS, differentiating it from competitors despite a high P/E ratio.
