The US stock market fluctuated: Texas Instruments (TXN.US) fell more than 11%, third-quarter revenue guidance below expectations.
Smart Finance and Economics App learned that on Wednesday, Texas Instruments (TXN.US) plunged more than 11%, closing at $190.03. In terms of news, Texas Instruments management stated in a statement on Tuesday that total revenue for the third quarter will be between $4.45 billion and $4.8 billion. Although the average expectation of Wall Street analysts is $45.7 billion, some analysts' forecasts slightly exceeded $48 billion. The market generally expects that Trump's tariff policy will drive a surge in demand for domestic analog chips in the United States. Therefore, Texas Instruments' cautious performance outlook did not satisfy the market.
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