Nvidia & Onsemi

Nvidia: Fell 3.7% in one session, heaviest weight on S&P 500; lost over $300 billion in market cap in a single day.

Onsemi: Onsemi experienced a significant drop after announcing an all-stock deal to acquire Synaptics, which was not well-received by the market.

Nvidia: Nvidia's stronger-than-expected quarterly report and revenue forecast, driven by demand for its AI chips, significantly boosted market sentiment and led to a rally in technology stocks across Asia and Wall Street. Despite a slight dip in after-hours trading, its performance was a key driver of the overall market gains.

Onsemi: Onsemi's stock rose, indicating a favorable market response to chipmakers.

Nvidia: Benefited from the AI rally, with shares rising. Continued to be a key beneficiary of AI infrastructure spending.

Onsemi: Rose after forecasting strong revenue.

Nvidia: Ross Jatou spent 15 years at Nvidia, most recently as Vice President of Engineering. This experience contributes to his qualifications for the CEO role at MemryX.

Onsemi: Ross Jatou previously served as Senior Vice President at Onsemi, and Joe Faris held leadership roles there. Their experience at Onsemi is part of their qualifications for their new roles at MemryX.