ON Semiconductor Stock Price Plummeted 20% in 1 Day, Dragging Other Semiconductor Stocks With It

By Jose Najarro – Oct 31, 2023 at 9:51AM EST

NASDAQ: ON

ON Semiconductor

Market Cap

$24B

Today's Change

(-3.41%) $2.10

Current Price

$59.43

Price as of February 3, 2026 at 4:00 PM ET

ON Semiconductor saw a pocket of weakness in the EV market, triggering a stock sell-off.

In today's video, I discuss recent news affecting ON Semiconductor (ON 3.41%), Axcelis Technologies (ACLS 5.03%), and Aehr Test Systems (AEHR +4.34%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the pre-market prices of Oct. 31, 2023. The video was published on Oct. 31, 2023.

Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.

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@_JoseNajarro

Stocks Mentioned

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

ON Semiconductor Stock Price Plummeted 20% in 1 Day, Dragging Other Semiconductor Stocks With It

NASDAQ: ON