Jim Cramer Reveals Why Texas Instruments Incorporated (TXN)'s Shares Dipped Lower

We recently published 10 Stocks Jim Cramer Discussed As He Warned About Big Risk To Big Tech. Texas Instruments Incorporated (NASDAQ:TXN) is one of the stocks Jim Cramer recently discussed.

Texas Instruments Incorporated (NASDAQ:TXN)’s shares opened 6% lower on Thursday after its CFO warned about a slowdown in the industry. Cramer discussed the firm’s business and drew parallels with NVIDIA:

“It’s conference season. That happens when you come back. It’s kind of like back to school. Citi has a global TMT conference, and I’ve got to tell you, Chris Danely, he’s a chip analyst, I’ve always really liked. He happened to have the CFO of Texas Instruments, on, Rafael Lizardi, who’s again one of the probably more revered CFOs. And he dropped a bomb. He said look, things did slow down after April Liberation, at least didn’t grow as they normally would, month to month to month, and boom, that’s all it took, that’s all it took, to have the stock down 12. People felt they’re doing well here. Analogues here are Analog Devices and ON Semi. This is industrial, uh, it’s the internet of things. People felt that they were really having some progress and they say well look we’re at the lower end of people thought we were going to do. It’s quite surprising the stock had been going up with the group. Now don’t confuse things, this is not NVIDIA, which is involving GPUs. This is traditional, basic industrial and people thought they were doing very well and apparently they’re not.”

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