24H | Chip Stocks Fall With TXN down 12%; Microchip down 6%; SOXL down 4%. Nuclear Stocks Shine With NRG, CEG up over 5%
Chip stocks fell in overnight trading with Texas Instruments down 11.8%; Microchip, ON Semi down over 6%; SOXL down 4%.
Texas Instruments quarterly profit forecast failed to impress investors as it pointed to weaker-than-expected demand for its analog chips from some customers and underscored tariff-related uncertainty.
Chipmakers such as Texas Instruments do not directly face U.S. President Donald Trump's elevated tariffs yet, but the cost of chip-making tools has risen, and some of their end customers have pared back spending.
Nuclear stocks jump with NRG Energy, Constellation Energy up more than 5%; Vistra Energy up 4%.
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