Texas Instruments Shares Rise on Strong Forecast and Increased Demand
Texas Instruments shares surged over 19% following a stronger-than-expected second-quarter revenue forecast, driven by increased demand in data centers and industrial equipment. The company reported revenue of $5 billion to $5.4 billion, exceeding analyst estimates of $4.85 billion. CEO Haviv Ilan highlighted strong demand across all industrial sectors and a growing share of data center spending.
Tickers: $TXN
Topics: data centers forecast industrial demand stock price Texas Instruments