News Formal

Chip stocks just got sent a big warning

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Semiconductor stocks are feeling the impact of Texas Instruments’ third-quarter results

Texas Instruments just sent a grim warning about the state of the semiconductor industry, and stocks across the sector are feeling the impact.

The chip maker, which historically reports early in the earnings cycle and is viewed as an industry bellwether, cited weakening industrial demand Tuesday afternoon as it underwhelmed with its forecast. That struck one analyst as a “negative” read for the broader sector, especially those companies exposed to industrial trends.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Texas Instruments earnings: What to expectThe chip maker reports its third-quarter results amid concerns of semiconductor headwinds
Source: MarketWatch - 🏆 3. / 97 Read more »