On Surges to 107th in Trading Volume Despite Stock Price Drop Amid Trump's AI Action Plan

On July 23, 2025, On's trading volume reached 9.60 billion, marking a significant 32.17% increase from the previous day. This surge placed On in the 107th position in terms of trading volume for the day. However, the stock price of On experienced a decline of 4.55%.

Trump's AI Action Plan has been a focal point for the tech industry, aiming to streamline regulations and foster innovation. The plan emphasizes the removal of bureaucratic hurdles and onerous federal regulations that could impede the rapid development and deployment of AI technologies. This initiative is designed to make it easier for companies to build and develop AI infrastructure, potentially benefiting firms like On that are involved in AI-related technologies.

One of the key aspects of the plan is the strengthening of export controls, including the implementation of new location verification features in advanced AI systems. This move is intended to enhance the competitiveness of American AI models on the global stage, which could have implications for On's operations and market positioning.

The Trump administration has also signed executive orders aimed at expediting federal permitting for data center infrastructure. This could facilitate the expansion and modernization of data centers, which are crucial for supporting AI development and deployment. The administration's focus on promoting the export of American AI models further underscores its commitment to leveraging AI as a strategic asset.

Overall, the AI Action Plan's emphasis on reducing regulatory barriers and promoting AI innovation could create a more favorable environment for companies like On. However, the actual impact on On's stock price will depend on how effectively the company can capitalize on these regulatory changes and integrate them into its business strategy. Investors will be closely watching how On navigates this evolving landscape and whether it can translate these policy shifts into tangible growth opportunities.