Texas Instruments stock jumps 8% on analog-chip rally — what sparked TXN and what’s next
Texas Instruments shares surged 8.1% to $191.59 Tuesday after Microchip Technology raised its sales forecast and reported strong bookings, signaling possible recovery in analog-chip demand. Traders shifted focus to TI’s Jan. 27 results for further signs on orders and margins. Microchip stock climbed 10.1%. About 6.4 million TI shares traded hands.