The Chip Sector Is on a Historic Tear, Fueled by Some Unsuspecting Stocks
Analog-chip stocks have been big gainers as the semiconductor rally broadens further beyond pure AI plays. Texas Instruments' earnings were giving additional support to analog-chip stocks.The semiconductor sector's rally has broadened out, fueling a historic run.The biggest gainer in the PHLX Semiconductor Index SOX on Thursday was Texas Instruments' stock , a further signal of how the chip sector's momentum is no longer just driven by artificial-intelligence plays.Don't miss: Texas Instruments topped Wall Street's outlook on more than just data-center demand. Investors in analog stocks are encouraged by Texas Instruments' recent commentary suggesting a rebound for the formerly beaten-down category. Jefferies research analyst Blayne Curtis deemed Wednesday's earnings report to be "rock-solid," with evidence of "strengthening industrial recovery and continued acceleration of the data-center business.". The PHLX Semiconductor Index was up about 2% on Thursday and tracking toward its 17th
