Why Aren't More People Talking About This Big News About an Nvidia Partner?

ON Semiconductor (NASDAQ: ON) and Navitas Semiconductor (NASDAQ: NVTS) were both named as companies Nvidia is partnering with to develop the next generation of data centers. Navitas is a loss-making company that isn't likely to be profitable until 2027, andng company trading at a very attractive valuation. Navitas' stock is up 89% so far this year as I write this, while ON Semiconductor's is down almost 19%. Go figure.The comparison made above isn't to be critical of Navitas. It's a company with a big future, and the Nvidia partnership will likely be a needle mover for a small loss-making company. Instead, the focus is on highlighting what a good long-term value ON Semiconductor looks like right now.There's little doubt as to the reason why ON Semiconductor's stock price has been so weak over the last year (down 28%). The company's core market is in silicon carbide (SiC) chips, an end market dominated by the auto industry and electric vehicles in particular.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool