Santa Clara, California, USA, November 9th / PRNewswire / -- According to Fly On Wall Street News Commentary, the opening trends of semiconductor stocks were mixed this week. As of 10:02 a.m. Eastern Time on Monday, the Philadelphia Semiconductor Index rose by 4.33% to 9,796.62 points; however, the stock price of one chip manufacturer fell by 4.77%, as the company's board of directors announced on Sunday that an independent investigation had been initiated. The other four chip manufacturers mentioned below all released their quarterly earnings within the past two weeks and also saw increases at the same time point. Companies currently in focus in the market include NVIDIA Corporation ( NVIDIA Corporation, NASDAQ : NVDA ), ON Sem token issuance nductor Corporation ( Nasdaq : ON ), Lattice Sem token issuance nductor Corporation ( Nasdaq : LSCC ), NXP Sem token issuance nductors N.V ( NASDAQ : NXPI ), as well as Astera Labs, Inc ( Nasdaq : ALAB ).
What did the board of directors express?
On Sunday (November 8th), the board of directors of NVIDIA stated in a public statement that it had initiated an independent investigation "in light of recent reports that Jensen Huang, the founder and CEO, has become a target of foreign intelligence activities." The board said, "There is no reason to believe that national security or NVIDIA's secrets have been compromised," and indicated that the investigation will examine all available information. On the same day, NVIDIA released an email sent by Jensen Huang to company employees, in which he responded to this investigation.
Jensen Huang wrote, "Regarding the national security concerns raised in the news reports, NVIDIA's board of directors has initiated an independent investigation. I support this investigation and will fully cooperate." As of 10:02 a.m. Eastern Time in the United States, NVIDIA's stock price fell by 4.77% to $177.74.
Power supply and programmable chip companies report growth
ON Sem Token Issuance nductor Corporation (Nasdaq : ON), namely onsemi, announced its third-quarter results for 2026 on November 2nd. The revenue amounted to 1.722 billion US dollars, with the company stating a year-on-year increase of 11%; free cash flow was 489 million US dollars, which the company reported as a year-on-year increase of 31%, equivalent to 28% of the revenue. In terms of business highlights, onsemi indicated that an agreement to acquire Ferric has been announced, and the company raised its revenue target for AI's data center by 500 million US dollars to over 3 billion US dollars by 2030.
onsemi President and CEO Hassane El - Khoury stated: "The continuously rising demand for electricity is driving the accelerated growth of demand in our AI data centers and industrial end markets, as customers are adopting and increasing their use of our differentiated products." As of 10:02 a.m. Eastern Time, onsemi's stock price has risen by 5.86%.
The Lattice Sem token issuance nductor Corporation ( Nasdaq : LSCC ) was announced on November 2nd. As of the third quarter of fiscal year 2026, which ended on October 3, 2026, the revenue amounted to 291 million US dollars, and the diluted non-GAAP earnings per share were 0.72 US dollars. The company stated that it completed the acquisition of AMI on July 27, 2026; therefore, the third-quarter results include the performance from that date onwards, while the periods previously presented did not include this portion.
Lattice CEO Ford Tamer stated: "We achieved a record third-quarter revenue of $291 million and a non-GAAP earnings per share of $0.72, representing year-over-year increases of 118% and approximately 160%, respectively. FPGA Revenue grew by about 90%, driven by the accelerated demand for AI data centers as well as the continued growth momentum in industrial and embedded applications." As of 10:02 a.m. Eastern Time, Lattice stock price rose by 4.02%.
When the trend of a single chip stock deviates from that of the entire sector, it can be very helpful to know how to interpret news and charts. Fly On Wall Street Readers can obtain the free 27-page guide titled Knowledge is Power, which is available from their sister website Stock Preachers. This guide explains in plain English the two essential skills for trading: reading news and analyzing charts, and it comes with The Roadmap on Mondays, Wednesdays, and Fridays.
Automobile, industrial, and data center connectivity
NXP Sem Token Issuance nductors N.V. ( NASDAQ : NXPI ) announced its third-quarter results on October 27th, with revenue of $3.79 billion, a year-on-year increase of 19%; non-GAAP free cash flow was $1.21 billion, accounting for 31.9% of revenue. GAAP Diluted earnings per share were $3.48, and non-GAAP diluted earnings per share were $4.20. The company also announced an increase in the stock repurchase authorization by $5 billion.
NXP, President and CEO, Rafael Sotomayor stated: "In the third quarter, NXP achieved revenue of $3.8 billion, a year-on-year increase of 19% and a month-on-month increase of 8%. Our performance benefited from the accelerated contribution of specific growth drivers from companies in the automotive and industrial sectors, as well as the continued momentum of data center infrastructure." As of 10:02 a.m. Eastern Time in the United States, NXP's stock price rose by 2.03%.
Astera Labs, Inc. ( Nasdaq : ALAB ) claims to be a leader in semiconductor-based connection solutions for rack-level AI infrastructure. On November 3, the company announced its financial results for the third quarter of 2026. The company stated that its Scorpio fabric switch has become its largest product family, driven mainly by the large-scale production of Scorpio X - Series 320- lane fabric switch. At the same time, its product portfolio has expanded to include memory, optical, and copper cable signal conditioning, as well as rack-level AI platforms equipped with Leo 2 and Leo X - Series Aries 7 and Orion.
Astera Labs CEO Jitendra Mohan stated: " Astera Labs delivered outstanding results in the third quarter of 2026, with quarterly revenue reaching a record high of $584.9 million, a 49% increase from the previous quarter and a 154% year-on-year growth. This broad growth was driven by Scorpio, and Scorpio has now been scaled up for mass production and has become our largest product family in terms of revenue." As of 10:02 a.m. Eastern Time, Astera Labs's stock price rose by 9.84%.
For readers who wish to closely follow the trends of the chip sector charts, Fly On Wall Street indicates that the free guides " Knowledge is Power " and " The Roadmap " can be obtained at flyonwallstreet.com.
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This article is an independent news commentary. Fly On Wall Street is wholly owned and operated by Market Equities Limited (“MEL”). MEL is a company registered under Irish law. MEL has not received any compensation from any of the companies mentioned in this article. MEL and/or its owners, operators, directors, and related parties hold shares in NVIDIA Corporation and have no intention of selling these shares within 30 days from the date of this article. They retain the right to purchase NVIDIA Corporation shares at any time without prior notice, as well as the right to sell them at any time after the 30-day period without prior notice. Such shareholding constitutes a conflict of interest that may affect their objectivity in any communications related to NVIDIA Corporation. It is strongly advised that individuals should not rely on this publication as a basis for any investment decisions. MEL and its owners, operators, directors, and related parties currently do not hold shares in any other companies mentioned in this article, but retain the right to buy or sell such shares at any time without prior notice. Index and stock price data as of 10:02 a.m. Eastern Time on November 9, 2026, are from third-party market data and may have since changed. Information about NVIDIA is taken from a statement released by NVIDIA's News Center on November 8, 2026; information about other companies is taken from their respective press releases or SEC documents. Information sources include company press releases and filings, government and industry data, published reports, and third-party data considered reliable, but no guarantee is provided for the accuracy of this information. Securities investments carry risks, including the possibility of losing part or all of the invested capital. This article is governed by Irish law.
