Shares closed at $265.00 on Tuesday, underperforming competitors like NVIDIA and Broadcom, with trading volume reaching 8.3 million, above the 50-day average.
This marks the third consecutive day of losses for Texas Instruments, leaving the stock 7.93% below its 52-week high set on April 24.
The decline reflects a generally dismal trading session, as the S&P 500 and Dow Jones also posted losses, impacting semiconductor stocks across the board.
After posting record earnings, why is Texas Instruments' stock suddenly in a downturn?
Will TXN's $7.5 billion acquisition of Silicon Labs secure its dominance outside of the AI race?
Why is the booming semiconductor market leaving key sectors like automotive electronics behind?
Can Texas Instruments' huge investment in American manufacturing shield it from global market risks?
As AI demand creates chip shortages, can the auto and industrial sectors still rely on TXN?
With chip lead times hitting 40 weeks, is another global supply chain crisis imminent?