Texas Instruments Stock Jumps on Strong Q1 Results, Guidance Amid Demand Recovery

Key TakeawaysTexas Instruments shares jumped nearly 8% in extended trading on Tuesday after the analog chipmaker topped Wall Street's quarterly estimates and issued better-than-expected current quarter sales guidance.The company said most of its industrial equipment customers have worked through an inventory backlog, but some are continuing the process, which has created an uneven recovery in demand.Monitor if the Texas instrument share price can close above the top trendline of an ascending triangle around ...