I've built a $1.3M+ portfolio by buying when everyone else is selling. Here's one high-conviction play I'm adding right now:
$ON (onsemi) – Down 46% from June highs on auto fears and multiple compression, but the underlying business is strengthening. Fab utilization climbed to 83%, lead times extended from 27 to 32 weeks (a supply tightness signal), and Q3 gross margin guidance sits at 40-42%. The real asymmetry: AI data center revenue is their fastest-growing segment and set to more than double this year. Market is pricing in auto cyclicality while ignoring the AI infrastructure ramp. Classic dislocation.
$ON (onsemi) – Down 46% from June highs on auto fears and multiple compression, but the underlying business is strengthening. Fab utilization climbed to 83%, lead times extended from 27 to 32 weeks (a supply tightness signal), and Q3 gross margin guidance sits at 40-42%. The real asymmetry: AI data center revenue is their fastest-growing segment and set to more than double this year. Market is pricing in auto cyclicality while ignoring the AI infrastructure ramp. Classic dislocation.
