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Wajeeh Khan

THE TRUTH ABOUT: The 7 billion reason on semiconductor stock is down today - The Untold Story

On ON Semiconductor Synaptics Semiconductor SYNA Joshua Buchalter TD Securities

ON Semiconductor (ON) cratered on June 26 after the company signed a definitive agreement to buy San Jose-headquartered edge-AI and connectivity specialist Synaptics (SYNA).

The announcement of this all-stock transaction shaved billions off ON’s market cap and pushed it decisively below its 20-day and 50-day moving averages (MAs), indicating shifting momentum in favor of the bears.

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