STM - Texas Instruments Sees Stabilization But The Street Expects So Much More
At this point, chip stock bulls really need to hope that there’s not so much as a stumble for the growth trajectories for new cars, 5G, new smartphones, and industrial automation, as the stocks by and large already reflect a very robust rebound scenario that leaves little room for disappointment. Texas Instruments (TXN), which does admittedly lean toward the conservatism with its commentary, didn’t exactly fan the flames, acknowledging with fourth-quarter earnings that its markets have largely “stabilized”, while offering guidance that was slightly above expectations for the first quarter of 2020.
I’ve