Texas Instruments (TXN) saw its stock price surge by 8.53% during intraday trading on Tuesday, outperforming many of its peers in the semiconductor sector.
The rally appears to be part of a broader uptick in chip stocks, with several major semiconductor companies, including STMicro, SanDisk, and ON Semiconductor, also posting gains in premarket trading. This sector-wide movement suggests renewed investor confidence in the semiconductor industry, which likely contributed to Texas Instruments' strong performance.
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