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Onsemi AI Growth Powers Strong Q2 | Raleigh News
Onsemi’s Q2 earnings show strong momentum with 9% YoY revenue growth and quadrupled free cash flow, driven by explosive AI data-center demand—now their fastest-growing segment. CEO highlights surging AI-driven applications, forecasting AI revenue to more than double by 2026. The company is deepening ties with Nvidia and winning key platform deals. Bank of America’s Vivek Arya maintains a Buy rating despite lowering the price target to $120 (still 49% upside), citing rising EPS forecasts to $6.15 by 2028 and potentially $12 by 2030, fueled by margin expansion to 53%. While risks…
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