The EV and Auto Chip Recovery Is Here – Time to Buy Top Semiconductor Stocks? Onsemi ON Stock

Is the EV and auto chip recovery here? On Semiconductor's (ON stock) Q2 2024 earnings turned out as expected. Despite financial challenges, the stock surged 10%. Chip Stock Investor discusses why optimism persists in the EV, automotive, and industrial growth cycle, and the implications of a more gradual recovery. Don't miss our insights on On Semi's growth projections through 2027, and what it means for EV stock investors.

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Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.
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Chapters:
00:00 On Semiconductor's Q2 2024 Earnings
01:37 On Semiconductor's Market Position
02:32 Understanding the L Shaped Recovery
03:29 Financial Performance and Future Outlook
05:43 Silicon Carbide and Growth Opportunities
06:41 Q3 Guidance and Market Recovery
08:05 Long-Term Outlook and Investment Strategy

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Nick and Kasey own shares of On Semiconductor

[joshuatan]

Best channel on semis. Great job analysing as usual. L-shaped recovery now but with SiC outrowing EV market, and entering into data centers, its a very good price to enter now. Asymmetric risk-reward if you ask me.

[jesseself]

Appreciate how quickly you got this video up. Love the insights

[prat-man]

I started buying semi ETFs a couple weeks ago and have been averaging down for a long term position

[SwaringeUkluk]

Thanks for the wonderful video! Seems like a good time to revisit based on where we can assume to be in the cycle. Are you planning to do and update on MCHP, too? Would love to hear your thoughts!

[LOGLISCICRISTIANO]

I bought a week ago after listening to your videos about it.I keep it small and let it green over the years as you adviced.
What border me is MU, i invested quite alot and try to DCA now, it just scare me the China sanctions and tu geopolitical issues.

[markopo]

Any opinion on VSH low pe hasn’t moved much can’t find much on it maybe that’s for a reason

[tarundubey]

Best channel to actually learn something in detail.❤ With this video, we would really love you to revisit Indie Semiconductor we know that you use to hold this stock and it’s in the EV/Automotive industry. Would be interested to see your view maybe you would highlight something that most people miss about the stock that someone you can highlight to us. ❤

[shannonoliver]

Thanks for covering this business. I'm so glad you finally got around to ON. I love this company, and I'm thrilled to be able to buy at these levels. This is a high-conviction business for me. If we get another year to buy before a bounce, it would be even better. I would love for this to grow into a core position in my portfolio. Any recent thoughts on Allegro microsystems? That's another one I can't let go of, trading at a small discount currently. The shirts are popping today, by the way. Nick, what happened to your matching earrings? You're being outdone, sir.

[ashishmaharaj]

Thanks for this informative video. Have your thoughts on Navitas (NVTS) changed now? Do you see this shift having a positive impact on NVTS?

[SigFigNewton]

I’d love to hear more thoughts on the market penetration of silicon carbide chips in the EV chip market.
The six percent level was presented as indicating plenty of room for growth even in an unexpected scenario in which EV growth stops.
Is there an argument to be made that the six percent figure instead indicates that silicon carbide isn’t really needed for EVs at all and that this makes it a risky bet?

[HamzaBen]

Great video! Could you please cover albemarle?

[tar]

What are your thoughts on MBLY? It’s been beaten down pretty good

[varinderkumar]

What are these two companies IDM and DCA ? as I don't find. Please give some more info. thank you. As I am holding Nvida and AVGO. please advise.