Texas Instruments stock jumps 9% after outlook flags AI data-center demand
Texas Instruments shares jumped 9.1% to $214.62 midday Wednesday after the company raised its first-quarter outlook above Wall Street forecasts. The chipmaker cited a 70% surge in data-center revenue and stronger industrial demand. Fourth-quarter revenue reached $4.42 billion, with net income at $1.16 billion. BofA Securities upgraded the stock and raised its price target to $235.