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-0.000347240771408717 -0.00240397457129114 -0.00248410705700093 -0.0082803568566696 -0.019926278113147 -0.0132218601421016 -0.0263635877984935 -0.0139430525134889
Stock impact report

Onto Innovation (ONTO) Among Hot Tech Stocks to Buy Right Now [Yahoo! Finance]

Onto Innovation Inc. (ONTO) 
Last onto innovation inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In This Article ONTO We recently published a list of 15 Hot Tech Stocks to Buy Right Now . In this article, we are going to take a look at where Onto Innovation Inc. (NYSE:ONTO) stands against other hot tech stocks to buy right now. In 2024, the S&P 500 IT Sector Index outperformed the broader S&P 500 Index, rising approximately 36% compared to a 23% increase in the latter. This performance was underpinned by emerging trends and innovations, particularly generative AI (GenAI) and the huge investments that went into creating the infrastructure to support the growth of such technologies. According to Gartner, the year 2025 might see a further uptick in investments. In its January 21, 2025 report, Gartner forecasts Worldwide IT spending to grow 9.8% year-over-year in 2025 to total $5.61 trillion. Among the segments, data center systems, devices, and software are projected to see double-digit growth in 2025 primarily due to GenAI hardware upgrades. While increasing investment i Show less Read more
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