U.S. chipmakers' shares rally despite demand uncertainty [Reuters (UK)]
Texas Instruments Incorporated (TXN)
Last texas instruments incorporated earnings: 4/21 04:01 pm
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Source: Reuters
U.S. chipmakers' shares rally despite demand uncertainty - Reuters 3 Min Read SAN FRANCISCO (Reuters) - As Qualcomm’s major victory against Apple sent semiconductor stocks to record highs on Wednesday, the sector’s strong recent rally may be at odds with uncertainty about an ongoing downturn in global demand. With the Philadelphia Semiconductor index jumping 1.4% on Wednesday to its second straight record high and now up 35% year to date, upcoming March-quarter reports could become a make-or-break moment for investors. “People in the industry we speak to seem incredulous at the stock prices but are obviously more than willing to accept the benefit. Very simply, business is not as good as the stocks would imply and we would challenge someone to suggest their business has improved as much as their stock has,” Semiconductors Advisors wrote in a client note. Announced on Tuesday, Apple’s surprise settlement with Qualcomm calls for its iPhones to once again use Qualcomm’s modem chips. As a
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TXN
Earnings
- 1/23/24 - Beat
TXN
Sec Filings
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- 3/21/24 - Form PX14A6G
- TXN's page on the SEC website