Welcome to Markets Desk, here's what's moving your money right now.
Texas Instruments and STMicroelectronics are both under pressure Thursday, with ST taking the harder hit. Both analog chipmakers reported solid second-quarter demand, but neither cleared the bar the market had set. When expectations run ahead of reality, even good numbers become a selloff catalyst, and that's exactly what traders are pricing in today.
Staying in semiconductors, Micron is drawing some bold long-range calls, with analysts pointing to AI-driven memory demand as the engine that could carry the stock dramatically higher by two thousand twenty seven. The math leans on sustained data center buildout and tight supply dynamics. Whether that thesis holds depends heavily on how durable the AI infrastructure spending cycle actually proves to be.
And Advanced Micro Devices heads into its second-quarter earnings on August fourth with one side question buzzing alongside the fundamentals — whether a stock split could follow strong results. AMD has seen its share price climb substantially, and splits tend to follow sustained appreciation. Investors will be watching the print closely, but the structural story around AI accelerator competition remains the real driver here.
That's the tape. Markets Desk, signing off the floor.
