Texas Instruments' stock jumps 19% for best day since 2000 as AI demand soars

texas instruments had its best day since 2000 on thursday, shares jumping 19% to a record close. the chipmaker reported q1 revenue of $4.83 billion, up 19% and above the $4.53 billion analysts expected. eps of $1.68 also beat the $1.27 estimate. ceo haviv ilan said data center revenue grew about 90% from a year ago. the industrial unit was up 30%. ti guided q2 revenue between $5 billion and $5.4 billion, with eps of $1.77 to $2.05. ilan said the company is ready if demand accelerates at the same pace as q1. ti's analog chips handle power regulation and signal conversion for ai data centers. apple, nvidia, ford, and spacex are major customers. the company is spending $60 billion on three new u.s. plants and bought silicon laboratories for $7.5 billion in february.