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Home/News Feed/Texas Instruments surges 19.4% on strong Q1 earnings and AI-driven data center growth.
TXN
$298.52
-$2.67 -0.89%

Texas Instruments surges 19.4% on strong Q1 earnings and AI-driven data center growth.

Market News
24 Apr 2026
Piero Cingari
View Source
Bullish
pluang ai news

Texas Instruments (TXN) stock jumped 19.4% after reporting first-quarter earnings and second-quarter guidance that surpassed expectations. The company, traditionally known for calculators, is now benefiting from rapid growth in its data center segment, which grew about 90% year-over-year and now accounts for 11% of revenue. This shift, combined with strong industrial demand and a completed investment cycle in U.S. manufacturing, has led analysts to raise price targets and upgrade ratings. TXN's focus on analog semiconductors and embedded processing positions it well in the AI infrastructure market, despite not making AI accelerators themselves.

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