AI Power Bottleneck Lifts Texas Instruments and onsemi on 800V Shift

The latest development highlights how AI's power-delivery constraints are accelerating a shift to 800V architectures, positioning Texas Instruments and onsemi for outsized gains. This follows Bank of America's May 26 upgrades that flagged three analog names and raised price targets on TXN to $370 and ON to $138. The May 28 analysis adds onsemi's $6 billion buyback and 7.47% short interest as catalysts, while underscoring TXN's NVIDIA-linked data-center growth to $4.5 billion by 2028. Stocks have already posted sharp rallies, with onsemi up roughly 130% year-to-date.