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International Business Times
International Business Times
Business

Texas Instruments Stock Soars Nearly 19% on Q1 Earnings Beat, Strong Data Center and Industrial Demand

Texas Instruments TI Analog Texas Instruments Inc Nasdaq Semiconductor

Texas Instruments Inc. shares skyrocketed more than 18% Thursday after the analog chip giant crushed Wall Street expectations for the first quarter and issued upbeat guidance fueled by surging demand from data centers and industrial customers.

The stock (NASDAQ: TXN) opened at $260.76 and climbed as high as $281.11 in morning trading on April 23, up about $44 from Wednesday's close of $236.31. Volume surged well above average as investors cheered the strongest quarterly report in years from the Dallas-based semiconductor leader.

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