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 (NASDAQ:NVDA) as it penetrates the $35 billion client compute market, challenging Intel Corp (NASDAQ:INTC) and Advanced Micro Devices, Inc (NASDAQ:AMD).
Demand for diversified end market semiconductors is mixed to weak, with ON Semiconductor Corp (NASDAQ:ON) sounding particularly weak, prompting an analyst downgrade. Additionally, Stein increased his Analog Devices, Inc (NASDAQ:ADI) price target.
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Stein noted Nvidia as the AI …
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