Texas Instruments Reports Strong Earnings and Guidance, Driving Stock to Record Highs
Texas Instruments reported better-than-expected first-quarter earnings and revenue, driven by strong demand for its analog chips used in AI data centers. The stock surged 18%, heading for its best day since 2000. The company also provided upbeat second-quarter guidance, citing continued growth in its data center and industrial segments.
Tickers: $TXN
Topics: AI Data Center Demand Earnings Beat Guidance Update Revenue Growth Stock Performance