Semiconductor investors have spent much of the last year waiting for the cycle to turn, but Texas Instruments (NASDAQ: TXN) has decided not to wait any longer. In early February 2026, the Dallas-based chipmaker signaled a massive shift in its corporate strategy. The stock has shown remarkable resilience, trading near its 52-week high of $224 per share despite a mixed earnings report.
This strength is driven by two simultaneous catalysts that have changed the stock's narrative. First, the company announced a blockbuster $7.5 billion acquisition designed to fill its massive new factories. Second, earnings data revealed that while the industrial sector is slowly recovering, demand from data centers is exploding.
