--- title: "Pre-market trend | ON Semiconductor (ON) surged over 11% on May 13 with increased volume, reigniting the AI chip market?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286314089.md" description: "Yesterday, ON Semiconductor's stock price surged 11.14% to $115.71 at the close, reaching a high of $115.99 during the trading session, almost closing at the day's peak, with bullish momentum clearly evident. The opening price of $108.90 was already above the previous day's closing price of $104.11, and after a gap up, it continued to strengthen. The MACD daily line confirmed a bullish signal above the zero axis, indicating that buying power is systematically increasing, and the signal for the initiation of a phase of upward trend is quite clear. The trading volume reached $2.46 billion, with over 21.29 million shares traded, showing significant inflow of funds. On the news front, Bank of America Securities' latest research report reiterated a strong bullish outlook on AI chip stocks, raising the 2030 market size forecast for AI data center systems from $1.4 trillion to $1.7 trillion, with Nvidia, AMD, and others listed as top picks, providing strong support for the entire semiconductor sector. As a leader in power semiconductors and sensors, ON Semiconductor has a deep layout in electric vehicles, industrial automation, and data center power management, and the acceleration of AI infrastructure construction directly benefits its core product lines. On the same day, the 3x long semiconductor ETF (SOXL) surged 6.79%, and the Philadelphia Semiconductor Index strengthened overall, with significant sector linkage effects. Additionally, Micron Technology had its target price raised to $950 by Bank of America, with expectations for the semiconductor industry chain's prosperity continuing to heat up" datetime: "2026-05-14T13:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286314089.md) - [en](https://longbridge.com/en/news/286314089.md) - [zh-HK](https://longbridge.com/zh-HK/news/286314089.md) --- # Pre-market trend | ON Semiconductor (ON) surged over 11% on May 13 with increased volume, reigniting the AI chip market? Yesterday's closing saw ON Semiconductor's stock price surge 11.14% to $115.71, with an intraday high of $115.99, closing nearly at the day's peak, reflecting strong bullish momentum. The opening price of $108.90 was already above the previous day's closing price of $104.11, and after a gap up, the stock continued to strengthen. The MACD daily line confirmed a bullish signal above the zero axis, indicating that buying power is systematically increasing, and the signal for the initiation of a phase of upward trend is quite clear. The trading volume reached $2.46 billion, with over 21.29 million shares traded, showing significant inflow of funds. On the news front, Bank of America Securities' latest research report reiterated a strong bullish outlook on AI chip stocks, raising the 2030 market size forecast for AI data center systems from $1.4 trillion to $1.7 trillion. Nvidia, AMD, and others were listed as top picks, providing a strong boost to the entire semiconductor sector. As a leader in power semiconductors and sensors, ON Semiconductor has a deep layout in electric vehicles, industrial automation, and data center power management, and the acceleration of AI infrastructure construction directly benefits its core product lines. On the same day, the triple-leveraged semiconductor ETF (SOXL) surged 6.79%, and the Philadelphia Semiconductor Index strengthened overall, with significant sector linkage effects. Additionally, Micron Technology had its target price raised to $950 by Bank of America, with expectations for continued improvement in the semiconductor industry chain. From a technical perspective, ON Semiconductor maintained its strength throughout the day after gapping up, with the closing price far from the intraday low of $108.06, indicating limited selling pressure and strong control by bulls. The previous closing price of $104.11 can serve as an important support reference area during pullbacks. The semiconductor sector is currently in a capital inflow cycle, with mainstream semiconductor ETFs like SMH and SOXX rising in tandem, providing additional upward momentum for individual stocks. However, after a double-digit increase in a single day, the probability of a short-term technical pullback also exists. In summary, ON Semiconductor's short-term trend is clearly biased towards bullishness, with a strong resonance formed by the technical breakout and the positive fundamentals of the AI industry chain. However, caution is warranted regarding potential macro-level disturbances from PPI inflation data exceeding expectations. If market expectations for interest rate hikes further intensify, the short-term pressure risk on high-valuation growth stocks will also increase. _This article provides only technical analysis and market information for reference and does not constitute any investment advice. The market carries uncertainties, and investors should make independent decisions based on their own circumstances._ ### Related Stocks - [ON.US](https://longbridge.com/en/quote/ON.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Cathie Wood Dumps Millions in Red-Hot AI Chip Giant After Record Run](https://longbridge.com/en/news/286586510.md) - [The Most Crowded Trade On Earth Is Cracking](https://longbridge.com/en/news/286808606.md) - [AI face is taking over — and driving plastic surgeons crazy](https://longbridge.com/en/news/286641783.md) - [Jack Antonoff tells people who are making AI art to 'drive right off that cliff'](https://longbridge.com/en/news/286592426.md) - [How Beaten-Down Tempus AI Stock Offers a Lottery Ticket for Traders Here](https://longbridge.com/en/news/286786866.md)