Why Texas Instruments Plunged Double Digits Today
It’s surprising to see such a significant decline for a well-established, reliable company like this one, even after surpassing expectations with its earnings yesterday. But, you should know that the stock has experienced a remarkable increase since April, driven by optimism about a robust cyclical recovery in the industrial chip sector. In fact, the stock price has climbed approximately 50% from its lows in April to its recent peaks.