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Is It Too Late to Buy Top EV Stock Onsemi?

TheMotleyFool

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Is It Too Late to Buy Top EV Stock Onsemi?: https://g.foolcdn.com/editorial/images/736465/electric-vehicles-evs-charging-station-battery-technology.jpg

Onsemi (NASDAQ: ON) continues its epic run. Despite what's almost sure to be a flattish year of revenue growth for the integrated chip designer and manufacturer (due to chip manufacturing capacity constraints), shares keep climbing higher on optimism for the electric vehicle (EV) market.

The latest bit of good news for Onsemi isn't about the business at all, but that its stock will soon be included in the vaunted Nasdaq 100 Index. Yeah, it's been that kind of run for the chipmaker the last few years. Revenue, and more importantly profitability, have skyrocketed.

Source Fool.com

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