NVIDIA Corporation NVDA shares are trading lower by 2.43% to $129.38 Wednesday morning. Shares of several semiconductor companies are trading lower after peer chipmaker Texas Instruments Incorporated TXN issued fourth-quarter revenue guidance below estimates.
What Happened?
Texas Instruments said third-quarter revenue increased 13% year-over-year to $5.24 billion, which beat average analyst estimates of $5.14 billion, according to Benzinga Pro. The company reported quarterly earnings of $2.47 per share, which beat average forecast of $2.39 per share.
"During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said Rich Templeton, chairman, president, and CEO of Texas Instruments...Read More
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According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $108.13.
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