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TI Jumps On AI Demand
Description
Texas Instruments surged 19% to a record after beating Q1 estimates with EPS of $1.68 on $4.83B in revenue. CEO Haviv Ilan said data center revenue rose ~90% year over year and industrial revenue climbed 30%. Q2 guidance of $5B–$5.4B in revenue and $1.77–$2.05 EPS exceeded expectations. TI is investing $60B in new U.S. plants and agreed to acquire Silicon Laboratories for $7.5B.
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