📰 4 sources covering this story

ON Semiconductor posted stronger profit as AI data center demand surged

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ON Semiconductor posted stronger profit as AI data center demand surged
Quartz
Quartz1 hrs ago
ON Semiconductor posted stronger profit as AI data center demand surged
The chipmaker beat analyst estimates on both profit and revenue, and now expects its AI data center business to more than double in 2026
MarketWatch
MarketWatch1 hrs ago
Caterpillar is killing it, and data-center demand is driving record revenue
Caterpillar’s stock surges after the biggest earnings beat in five years, as demand for data-center construction provided a boost.
Onsemi forecasts upbeat revenue on surging AI data center chip demand
Aug 3 : Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers.Onsemi's results come as it looks to its biggest deal yet, a $7 billion all-stock acquisition of Synaptics announced in June, to tap into growing
Wall Street Journal
Wall Street Journal🏁 first to report16 hrs ago
ON Semiconductor Reports Higher Profit, Revenue on Growing AI Data Center Business - WSJ
ON Semiconductor Reports Higher Profit, Revenue on Growing AI Data Center Business  WSJ