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Texas Instruments Gives Weak Forecast as Chip Slump Persists

(Bloomberg) -- Texas Instruments Inc. shares slid after the chipmaker delivered a disappointing quarterly forecast, indicating that a slump in demand for industrial and automotive electronic components is dragging on. Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028An Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in...
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Source: yahoo.com

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Worst Performing Chip Stock Faces More Gloom in 2024

(Bloomberg) -- In one of the best years on record for semiconductor stocks, Wolfspeed Inc. managed to lose more than a third of its value. Most on Wall Street aren’t betting on a quick turnaround in 2024.Most Read from BloombergStocks Drop as Solid Retail Sales Lift Bond Yields: Markets WrapMusk Pressures Tesla’s Board for Another Massive Stock AwardApple to Allow Outside Payments for Apps After US DecisionChina’s Economic Growth Disappoints, Fueling Stimulus CallsChina Popu...
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Source: yahoo.com

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