Semiconductor Stocks Rise Following Positive NVIDIA Vera Rubin Platform Outlook

Power semiconductor stocks, including Wolfspeed, STMicroelectronics, and ON Semiconductor, saw gains after a Mizuho research note indicated a stronger and faster ramp-up for NVIDIA's Vera Rubin platform. This suggests an accelerated adoption of NVIDIA's next-generation AI GPUs, with ON Semiconductor projecting its AI data center revenue to more than double in 2026.