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Barchart
Wajeeh Khan

Texas Instruments Soars on Strong Q1 Results. Should You Buy TXN Stock Here?

TXN Texas Instruments Instruments AI

Texas Instruments (TXN) shares experienced their best day in 25 years yesterday as artificial intelligence (AI) demand helped the semiconductor giant report a blockbuster Q1 and issued upbeat guidance for the current quarter.

TXN’s better-than-expected $4.83 billion sales on $1.68 of earnings per share (EPS) drove its RSI into the high 80s, indicating the stock may be due for a healthy pullback. 

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