US Top News and Analysis | Texas Instruments' stock jumps 18%, heads for best day since 2000 as AI demand soars
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Texas Instruments posted a sharp first‑quarter earnings beat, with revenue rising 19% to $4.83 billion and earnings per share hitting $1.68, well above analysts’ expectations, and announced robust guidance that projects Q2 revenue of $5‑$5.4 billion and EPS of $1.77‑$2.05. The surge is driven by soaring demand for the company’s analog chips, which are essential for AI data‑center builds, fueling an 18% stock jump and putting the shares on track for their best day since 2000. CEO Haviv Ilan highlighted a 90% year‑over‑year rise in the data‑center segment and noted that major customers such as Apple, Nvidia, Ford, Medtronic and SpaceX rely on TI’s components. The firm is investing $60 billion in three new U.S. fabs, recently acquired Silicon Laboratories for $7.5 billion, and says memory shortages pose no immediate threat to its consumer‑electronics business.
Read more: https://www.cnbc.com/2026/04/23/texas-instruments-stock-soars-on-q1-earnings-as-ai-demand-jumps.html
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