Shares of Texas Instruments (NASDAQ: TXN) climbed 12.3% last month, according to data provided by S&P Global Market Intelligence , due to positive news that lifted the entire semiconductor industry . Taiwan Semiconductor (NYSE: TSN) manufactures microchips for many of the largest companies in the industry, so its results are considered a bellwether. On Nov. 10, Taiwan Semiconductor released a better-than-expected monthly sales result, which lifted stocks across the industry . There wasn't any major news about Texas Instruments specifically, but investors became more optimistic about the economic conditions influencing the company.
Taiwan Semiconductor's October sales grew 1% over the prior month, which was much better than many investors had feared. That had a huge impact on Taiwan Semiconductor , but it also rippled throughout the industry as a whole. That impact is apparent when Texas Instruments' price chart is compared to major semiconductor exchange-traded funds.
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Why Did Texas Instruments Stock Jump 12% in November?