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home / news releases / ONTO - Onto Innovation: The Rally Has Started To Wobble Even Though It Remains Intact

ONTO - Onto Innovation: The Rally Has Started To Wobble Even Though It Remains Intact

Onto Innovation Inc.

2024-04-26 14:23:41 ET

Summary

  • ONTO has become an AI play, which has pushed all else to the background to enable a rally in the stock.
  • ONTO has seen quarterly earnings dip after a record-breaking year in FY2022, but the numbers are expected to get better in FY2024.
  • A number of high-profile AI plays are scheduled to report within a month, which could have great repercussions for ONTO.
  • Betting on ONTO at this point is to bet on AI, which may not be everyone’s cup of tea due to the risk involved.

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For further details see:

Onto Innovation: The Rally Has Started To Wobble Even Though It Remains Intact
Stock Information
Company Name: Onto Innovation Inc.
Stock Symbol: ONTO
Market: NYSE
Website: ontoinnovation.com
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