Dow Jones Dips As Onsemi Earnings Boost Nvidia; JPMorgan Tests Entry As It Eats First Republic

The Dow Jones struggled. The battle between Ron DeSantis and Disney took a fresh twist. JPMorgan jumped as it snapped up First Republic. Read More...


Why ON Semiconductor Shares Are Popping After Q1 Beat

ON Semiconductor Corp (NASDAQ: ON) reported first-quarter FY23 revenue growth of 1% year-on-year to $1.96 billion, beating the consensus of $1.92 billion. Revenue from Power Solutions Group (PSG) grew 3% year-over-year to $1.01 billion, Advanced Solutions Group (ASG) decreased 14% year-over-year to $592.8 million, and Intelligent Sensing Group (ISG) rose 32% year-over-year to $354.1 million. The non-GAAP gross margin declined by 260 bps to 46.8%, and the non-GAAP operating margin decreased by 17

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