US6833441057 - Common Stock
While growth is established for NYSE:ONTO, the stock's valuation remains reasonable.
These five semiconductor stocks can benefit from more than just artificial intelligence.
Nvidia is reportedly halting the development of GB200 dual-rack systems.
Onto stock has soared about 155% in the 17 months since it hit a 76.40 low in late April 2023. It traded around 194 Thursday.
ONTO stock results show that Onto Innovation beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.
These tech stocks help diversify away from faltering mega-caps while offering long-term upside potential to well-rounded portfolios.