Movement Alert|Texas Instruments Rises 3.25% in Regular Trading, Citi Highlights Upside From NVIDIA Power Chip Supply in H2

Market Focus07-06

On July 6, Texas Instruments rose 3.25% in regular trading, trading at approximately $303.53/share, with turnover of $1.88 billion.

On the news front, Citi analysts issued a research note placing Texas Instruments on their upside catalyst watch list, citing the company's expected role as a power chip supplier to NVIDIA in the second half of the year. The analysts view this supply relationship as a meaningful growth driver for the stock.

The bullish call comes amid a wave of target price upgrades from major investment banks over recent weeks. UBS raised its target from $295 to $350, STIFEL lifted its target to $360, and Citi itself previously raised its target from $280 to $345 while maintaining a Buy rating. Wells Fargo also raised its target to $300 from $260, though it maintained a Neutral stance. All upgrades reflect growing confidence in TXN's positioning within the AI-adjacent power management supply chain.

Texas Instruments' next earnings report is scheduled for July 22, with consensus EPS expectations of $1.90 for the June quarter.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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