Core Highlights on AI Spending Growth
Artificial intelligence (AI) data center infrastructure spending is anticipated to experience significant growth from 2026 to 2030. ON Semiconductor (NASDAQ: ON) reported AI data center revenue of approximately $250 million in 2025, making up about 4.2% of its $6 billion total revenue, with expectations to double to $500 million in 2026. In contrast, Rockwell Automation (NYSE: ROK) is focusing on embedding AI into its industrial automation solutions, enabling efficiency gains across various sectors such as energy, automotive, and life sciences.
Both ON Semiconductor and Rockwell Automation are positioned to benefit from the pivot towards AI inference spending as they currently have relatively low exposure to AI, which presents a growth opportunity for long-term investors. Wall Street forecasts ON’s overall revenue to increase to $6.48 billion in 2026, projecting its AI-related revenue growth to significantly outpace other revenue streams.
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