Reported 1 day ago
Texas Instruments Inc. experienced its largest stock drop in 17 years, falling by as much as 13% after a cautious outlook for the third quarter raised concerns about the sustainability of recent sales growth driven by tariffs. Although the company's revenue increased by 16% last quarter, executives admitted uncertainty about the proportion attributed to tariff-related purchases. The overall pessimistic tone during the earnings call led to investor worries about demand, particularly in the automotive sector, despite confidence that they will eventually exceed their previous peak in annual revenue.
Source: YAHOO