New York, Feb 23, 2026, 13:26 EST — Regular session
- Texas Instruments gained roughly 1%, even as semiconductor ETFs slipped.
- Trump’s 15% global tariff proposal has put markets on edge.
- Nvidia’s earnings report lands Feb. 25, while attention also turns to upcoming U.S. data later this week.
Texas Instruments Inc edged up roughly 1% to trade near $221.94 early Monday afternoon, even as most chip stocks lost ground while investors sifted through new U.S. tariff headlines.
The move was notable, given a sluggish session for peers. The iShares Semiconductor ETF slipped about 1.3%. VanEck’s Semiconductor ETF dropped around 0.8%.
Why now? Trade policy has jumped to the forefront. President Donald Trump rolled out a fresh 15% global tariff, following a Supreme Court decision that struck down much of the earlier emergency tariffs, Reuters said. (Reuters)
Uncertainty in the market has sent investors searching for safer ground, leaving riskier, higher-beta stocks behind. “Tariff policy can be capricious… It just creates uncertainty and markets don’t like uncertainty,” said Steve Sosnick, chief market analyst at Interactive Brokers. (Reuters)
Texas Instruments held up among semiconductor names, even as its analog and auto-linked peers took a hit. Microchip Technology shed around 3.3%, NXP Semiconductors dropped by about 2.1%. Analog Devices barely moved.
Texas Instruments has ramped up its U.S. manufacturing presence lately, focusing on analog chips for industrial and auto clients. CEO Haviv Ilan wants the company’s internal production to hit “more than 95% by 2030,” with plans for large-scale, “geopolitically dependable, 300mm capacity.” (Reuters)
Shares have grabbed attention this month after Texas Instruments struck a deal to acquire Silicon Laboratories for roughly $7.5 billion, aiming to boost its presence in wireless connectivity chips. The companies expect the purchase to wrap up in the first half of 2027. Stifel analysts see the merger building a powerful wireless-analog lineup. (Reuters)
But here’s the catch: tariff headlines aren’t a one-way street for this group. Fresh levies mean higher costs—and for analog suppliers, the bigger headache is jittery customer budgets in industrials and autos if demand starts to wobble.
Traders want to see if this risk-off streak intensifies as the month wraps up, and they’re eyeing just how much of Monday’s drop holds after more information emerges about the tariff rollout. (Reuters)
Nvidia is set to deliver its quarterly earnings on Wednesday, Feb. 25, with investors watching for signals on sector sentiment. (Reuters)
Macro data might end up just as pivotal. Federal Reserve Governor Christopher Waller told markets to watch for producer prices out Feb. 27, saying that would give a “clearer picture” of January PCE inflation. The FOMC is scheduled to meet March 17-18. (Federal Reserve)
