We recently published 10 Stocks Jim Cramer Discussed As He Revealed How Canada Has Harmed The US. Texas Instruments Incorporated (NASDAQ:TXN) is one of the stocks Jim Cramer recently discussed.
Texas Instruments Incorporated (NASDAQ:TXN) is a semiconductor company with exposure to industrials and data center firms as it makes power management and other associated chips. Its shares have gained a modest 2.6% year-to-date but would have been higher had it not been for a major 13.3% drop in July after the firm’s latest earnings report. Cramer dismissed the fallout after the earnings as he stated that Texas Instruments Incorporated (NASDAQ:TXN) had struggled simply due to management’s modesty. He stuck with the theme in this appearance as well:
“Wolfe Research had a great call today. They took Texas Instruments from Hold to Buy. Last week, Texas Instruments had a downbeat quarter, and people therefore presumed that things were going to be bad. I don’t think that all. I think that they just don’t like to have hoopla. And I respect them, I think that their notion of not showing off on the conference call, I like.
“But Texas Instruments, they didn’t play the game, and I think it’s great that they don’t play the game.”
Here’s what Cramer said about Texas Instruments Incorporated (NASDAQ:TXN) after the firm’s earnings report:
“This is one where I tell people you’ve gotta listen to the conference call. Texas Instruments’ previous quarter. They got a little bullish. And I was like oh my god! They’re like, bullish. They’re never bullish. Okay? Well they reverted to their reserved faction and the analysts one after another, are you like not bullish as you were before? I mean did we get it wrong? Are you guys getting negative? And they just, Texas Instruments is a poker face outfit. And they basically said, listen, we’re not doing any better than we thought we were doing. I think the stock is way too low. This was about tone. It had a huge move, it had a huge. move. And that whole move was based on the fact the previous quarter, they seemed to be very optimistic. And now they’re back to the usual pessimistic ways. It’s all tone, it is. It’s all tone. And it bothers me because, I think there’s people at home who’re gonna sell the stock thinking there’s something’s wrong. No, they’re fine. But their auto tariff issues got mentioned. And when you mention tariffs, it means sell. Because what you’re supposed to say, hey not affecting us. Or we’re gonna cut the amount that we thought we were gonna be hurt by tariffs. So those are the two narratives. It’s either not affected or cutting the amount that we’re worried about. So Texan was a very tough call.”
A macro view of a 5G/4G chips and modules, displaying the cutting edge technology of the company.
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Disclosure: None. This article is originally published at Insider Monkey.