Texas Instruments Inc. (TXN) has surged 19% in stock price following an impressive earnings report that revealed a 90% growth in its data center business, marking its best trading day since 2000. This performance has eased earlier concerns regarding its industrial segment, with analysts projecting revenue between $5 billion and $5.4 billion for the upcoming quarter. In stark contrast, other tech firms like ServiceNow and IBM are facing declines in their shares, highlighting the volatile nature of the tech sector.
“The star of last night’s earnings: Texas Instruments. Yes, really. The overhang on its industrial business is gone, and its data center business is ramping, growing 90% year over year.”
“But Tesla’s full-year capex guide went up $5 billion to $25 billion, adding pressure to free cash flow.”
“ServiceNow shares are getting crushed after a noisy earnings report, down almost 14% premarket.”
“IBM shares are sinking over 7% this morning.”
“Messy quarter from Club name Honeywell, sending shares down over 5% this morning.”
“The star of last night’s earnings: Texas Instruments. Yes, really. The overhang on its industrial business is gone, and its data center business is ramping, growing 90% year over year.”
“IBM’s first-quarter results seemed fine, but the market seems focused on the decelerating revenue growth. Total revenue was up 9% this quarter versus 12% in Q4.”
“Tesla’s full-year capex guide went up $5 billion to $25 billion, adding pressure to free cash flow.”
“Big deal for Intel, who is trying to compete with Taiwan Semi to become a leading foundry. Shares of Intel are up nearly 2% premarket.”
“Micron Technology reported record quarterly revenue of $23.86 billion in its fiscal Q2 2026.”
“SanDisk reported Q2 revenue of $3.03 billion with datacenter revenue increasing 64% sequentially.”
“Seagate’s relevance to the AI infrastructure theme centers on its position as a leading supplier of nearline hard disk drives — the high-capacity storage units used in hyperscale cloud data centers.”
