ON Semiconductor Corp. (NASDAQ:ON) is one of the 10 Stocks Posting Outsized Gains.<\/strong><\/p>\n ON Semiconductor climbed to an over two-year high on Thursday, extending a rally for 14 straight days, as investors resumed buying positions following an investment firm\u2019s high double-digit price target upgrade, while loading portfolios ahead of its earnings outcome.<\/p>\n In intra-day trading, the stock climbed to a record high of $99.18 before paring gains to end the day just up by 9.88 percent at $7.78 apiece.<\/p>\n Photo by Sejio402 on Pexels<\/p>\n This followed B. Riley\u2019s 80-percent price target upgrade for its stock to $115 from $64, while upgrading its recommendation to \u201cbuy\u201d from \u201cneutral\u201d previously.<\/p>\n B. Riley said that the upgrade was based on expectations that ON Semiconductor Corp. (NASDAQ:ON) will report first-quarter earnings in line with consensus, citing emerging growth factors and progress on its exit from non-core revenue streams.<\/p>\n The chipmaker is set to announce its financial and operating highlights after market close on May 4, 2026.<\/p>\n For the period, ON Semiconductor Corp. (NASDAQ:ON) is targeted to report total revenues of $1.435 billion to $1.535 billion, or an implied 0.7 percent decline to a 6 percent growth from the $1.446 billion in the same period last year.<\/p>\n Investors are also expected to watch for ON Semiconductor Corp.\u2019s (NASDAQ:ON) outlook for the second quarter of the year.<\/p>\n While we acknowledge the potential of ON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/strong>.<\/p>\n<\/div>\n<\/div>