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home / news releases / us semis sector rides rising tide of ai to reach rec

TXN - US semis sector rides rising tide of AI to reach record valuations: Bernstein

Texas Instruments Incorporated

2024-07-01 10:48:55 ET

"After a strong 2023, semiconductor stocks have continued to markedly outperform this year, up 30%-plus since the beginning of January, amid substantial multiple expansion as AI names carry the day and investors play the bottoming theme around some parts of the cycle," said Bernstein analysts, led by Stacy Rasgon, in a Monday note....

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US semis sector rides rising tide of AI to reach record valuations: Bernstein
Stock Information
Company Name: Texas Instruments Incorporated
Stock Symbol: TXN
Market: NASDAQ
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