Texas Instruments Incorporated (TXN): Congratulations To Elliot For Buying The Stock Low

We recently published Jim Cramer Analyzed These 9 Stocks As He Said Tariffs Are Better Than CIA Coups. Texas Instruments Incorporated (NASDAQ:TXN) is one of the stocks Jim Cramer recently discussed.

Texas Instruments Incorporated (NASDAQ:TXN) is an American semiconductor company that makes and sells chips used in power management and other applications. Its shares have gained 17% year-to-date, primarily due to a 50% gain since late April. Texas Instruments Incorporated (NASDAQ:TXN)’s shares rose after the firm’s $4.35 billion in midpoint revenue forecast for the June quarter beat analyst estimates of $4.10 billion. The shares continued their upward trajectory after NVIDIA’s earnings report in May. Cramer discussed an analyst note about Texas Instruments Incorporated (NASDAQ:TXN):

“[On TD Cowen goes to Buy, $245 on confidence that destocking has ended]”At 175, 180 is when the industrial revolution started that thing that was doing well. Now people are catching on. Congratulations by the way to Elliot who bought that stock low. They did great

“Texas Instruments is notoriously not willing to, let’s just say they’re more close minded than others.”

Cramer discussed Texas Instruments Incorporated (NASDAQ:TXN) after its earnings. Here’s what he said:

“Given that the whole world’s thinking we’re about to have a recession here because of the extreme tariff turmoil, these are the kinds of companies that should be slashing the numbers, but they’re not. They’re raising the numbers. Oh, and just tonight, the storied Texas Instruments, which has been struggling mighty of late, shed the weaknesses, put up terrific numbers that might be enough to ignite what had been a more abundant chip cohort.”

While we acknowledge the potential of TXN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.