Texas Instruments Stock Is Down 16% From Its 52-Week High. Is It a Buy?
Data center revenue doubled, but soft guidance spooked Wall Street.
Overview
Shares of Texas Instruments (NASDAQ: TXN) are down about 16% after hitting a 52-week high of $334 in June, and the company's second-quarter earnings results didn't provide any lift to the stock.
Investors focused on disappointing guidance rather than the clear advantages the company has in meeting growing data center demand, setting up a compelling buying opportunity.
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Details
Source
Originally published at www.fool.com.
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