New York, January 21, 2026, 12:20 PM EST — Regular session
- By midday, Texas Instruments shares had bounced back about 2%, reversing some of Tuesday’s losses.
- After tariff fears eased, chip ETFs and similar funds bounced back.
- Investors are focused on Texas Instruments’ earnings call on Jan. 27, looking for insight into demand and what lies ahead.
Texas Instruments (TXN) shares bounced back Wednesday, rising about 2.2% to reach $193.82 by midday in New York, following an earlier drop near $189.
The bounce stands out because Texas Instruments usually acts as a gauge for industrial demand, and its stock nears earnings amid volatile markets. Traders have been quick to bet against sharp moves this month, but tariff news has complicated that approach.
Semiconductor shares gained ground as the iShares Semiconductor ETF rose about 2.1%, and the VanEck Semiconductor ETF added nearly 1.8%. Analog Devices, a major name in analog chips, surged nearly 2.9%, with Microchip pushing up roughly 3%.
Broader U.S. indexes nudged up, with the S&P 500 ETF (SPY) gaining close to 0.4% and the Nasdaq 100 tracker (QQQ) rising about 0.5%. “Global investors are taking these threats seriously,” Jack Ablin, chief investment strategist at Cresset Capital, told Reuters as markets sought to regain footing following the latest tariff shock. 1
Tuesday saw a sharp selloff: the S&P 500 fell 2.06%, the Nasdaq dropped 2.39%, and the Dow slid 1.76%, all weighed down by fresh U.S. tariff threats tied to Greenland. Reuters reported a 10% import tariff is set to begin Feb. 1. Both the S&P 500 and Nasdaq fell below their 50-day moving averages, a key momentum gauge, while the VIX volatility index hit its highest close since late November. 2
Texas Instruments, a key player in analog and embedded processing chips for industrial and automotive markets, will webcast its Q4 and full-year 2025 earnings call on Jan. 27 at 3:30 p.m. Central time. CEO Haviv Ilan and CFO Rafael Lizardi will take questions during the session, the company said. 3
Investors are focused on the real drivers: changes in industrial and automotive order patterns, fresh data on customer inventories, and clues about factory utilization and profit margins. Capital expenditures and buybacks are drawing intense attention too, especially as tariffs re-enter the spotlight.
The outlook is still unclear. Back in October, Ilan called industrial customers “wait-and-see” on investments, warning that “the rules are still not finalized” on tariff rates. These remarks have influenced expectations around when the analog sector might rebound. 4
Texas Instruments slipped 1.04% on Tuesday, closing at $189.59. The stock still trades about 14% below its 52-week high of $221.69, according to MarketWatch data. 5
That rebound could quickly lose steam. If tariff threats intensify, investors may pull back from cyclicals. On top of that, a cautious forecast from Texas Instruments could push the stock back toward last week’s lows.
Texas Instruments is set to release earnings after the bell on Jan. 27. Traders are watching closely for any policy signals ahead of tariffs taking effect on Feb. 1.
