- Texas Instruments jumped 7% in premarket trade on Wednesday, sparking a rally in chip stocks as its strong second-quarter revenue forecast fanned optimism that chip demand was picking up after a years-long slump.
"Looking ahead, we anticipate Texas Instruments to drive a continued recovery profile into the 2H of the year and into 2025" said J.P. Morgan analysts in a note. The company had seen a slump in demand for chips used in automotive markets as demand for electric vehicles slowed owing to an uncertain economy and availability of cheaper hybrid alternatives.Are you looking for a super dividend stock to buy now and generate a whopping passive-income stream? Here's an option that's too good to ignore. The post Buy 3,000 Shares of This Super Dividend Stock For $3,300/Year in Passive Income appeared first on The Motley Fool Canada.
-- Gold pared losses after weaker-than-expected US business activity data helped underpin the case for Federal Reserve rate cuts this year.