Texas Instruments Shares Drop 11% Amid Sector-Wide Technology Selloff
Texas Instruments (TXN) shares experienced a significant decline on Thursday, falling nearly 11% to close at $278.15. The loss of $33.34 per share comes after a period of strong performance following the company's positive third-quarter earnings report released in late October. The sharp pullback appears to be part of a broader selloff affecting the technology sector rather than being driven by company-specific negative news. This correction follows a recent rally fueled by better-than-expected results in the analog and embedded-processing semiconductor segments.
Tickers: $TXN
Topics: market performance semiconductors stock price decline
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