Texas Instruments (TXN) stock slips after early jump as chip sector weakens ahead of CPI
Texas Instruments shares fell 1.4% to $223.34 Thursday afternoon, tracking a broader tech selloff that sent the Nasdaq-100 down 1.6%. The drop follows a 2.6% gain Wednesday. Investors await Friday’s U.S. inflation report and Texas Instruments’ Feb. 24 capital management webcast. The company recently agreed to buy Silicon Labs for $7.5 billion in cash.