Texas Instruments is trading at $160.26, down 43.6% in after-hours trading, as a broad semiconductor selloff intensifies amid rising capex concerns and weak sector sentiment.
- The move appears to extend recent pressure on chip stocks, following a previous decline on July 17 linked to industry spending and valuation concerns.
- No company-specific catalyst was identified for the unusually large after-hours drop, suggesting broader risk-off trading and sector-wide volatility are the primary drivers.