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Why Texas Instruments Plunged Double Digits Today
The Motley Foolยท 2025-07-23 18:42
The chip giant showed an industrial chip recovery, but guidance came up conservative.Shares of auto and industrial chip giant Texas Instruments (TXN -13.57%) plunged doubled digits on Wednesday, falling 13.3% as of 2:22 p.m. ET.That's a pretty big drop for what is considered a stable, blue chip company, especially after an earnings "beat" last night. However, the stock had rallied hard since April on optimism over a strong cyclical recovery in the industrial chip arena. We're talking a 50% gain between the ...