Onto Innovation Surges 5.08% on $340M Volume as Strategic Pact with Semiconductor Giant Sparks AI Manufacturing Hype Ranking 310th in Volume

. 23, , ranking 310th among stocks by volume. The move followed a announcement with a semiconductor equipment manufacturer to develop next-generation lithography solutions, signaling stronger R&D collaboration potential in the AI-driven manufacturing sector.

Analysts noted the deal could accelerate Onto’s product pipeline visibility, particularly for its high-precision metrology tools. The collaboration aligns with broader industry trends toward advanced node fabrication, where Onto’s existing customer base in TSMC and ASML partnerships positions it to benefit from increased capital expenditure in 3nm and beyond processes.

Short-term momentum appears supported by renewed institutional interest, . This contrasts with bearish technical indicators from earlier in the year, suggesting a potential reversal in sentiment as the company approaches its fiscal Q2 earnings release on Oct. 9.

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