Texas Instruments shares fall
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Texas Instruments shares (TXN) tumbled Wednesday after the analog chipmaker well known for its calculators issued a light current-quarter profit outlook. The company, whose chips serve customers in most sectors across the economy,
Texas Instruments' long-term prospects remain steady, but short-term valuation concerns could justify selling for some investors. Learn more on TXN stock here.
Here are some of the stories Wall Street is watching on Wednesday, July 23. All three of the major indexes (^DJI, ^GSPC, ^IXIC) are rising after President Trump said the US sealed a new trade deal with Japan.
Texas Instruments managed to beat expectations in the June quarter due to customers ordering ahead to build inventory.
Texas Instruments' long-term growth drivers include aggressive capital expansion, CHIPS Act support, etc. Click here to find out why TXN stock is a Hold.
Texas Instruments reported higher profit and sales in the second quarter with growth across key revenue segments. Despite recording positive growth, the company's shares posted a double-digit decline in after-hours trading.