On July 28, ON Semiconductor fell 5.15% in regular trading, trading at $83.97/share with turnover of $174 million. The decline came amid a sweeping semiconductor sector sell-off, with the Philadelphia Semiconductor Index dropping over 5%.

On the news front, prominent Wall Street short-seller Michael Burry recently increased short positions on NVIDIA and Philadelphia Semiconductor Index ETFs, projecting an approximately 30% correction in the semiconductor sector. Moody's also warned that AI infrastructure spending of nearly $1 trillion annually is eroding cloud service providers' free cash flow, intensifying market skepticism about the authenticity of AI demand and fueling broader panic selling.

Within the Semiconductors sector, Micron Technology fell 11.02%, SK hynix fell 9.10%, Advanced Micro Devices fell 9.57%, Intel fell 8.56%, and NVIDIA fell 1.02%, reflecting widespread selling pressure across chip stocks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)