A lot of the hot chip names got crushed lately.
Micron, Intel, AMD, names that led the whole first half, rolling over hard as the crowd runs for the exits. But one chipmaker has quietly held its ground and kept climbing, and most people are not even looking at it.
Texas Instruments. Ticker TXN.
Yes, that Texas Instruments. You probably used one of their calculators in school. If you ever suffered through calculus, you might have had one of the fancy graphing ones.
I know, it does not sound exciting. Texas Instruments makes the boring stuff.
Not the flashy AI brains everyone talks about, but the analog and power-management chips. The parts that regulate and move electricity around inside a machine.
Here is the thing about that boring stuff. Every AI server on earth needs it.
Those giant AI servers run hot and eat an enormous amount of power. Somebody has to manage all that electricity, and that somebody is Texas Instruments. The bigger and hungrier these AI machines get, the more of TXN’s chips each one needs.
The numbers back it up. Their data center business grew 90% in the first quarter of this year, and the stock is up around 70% in 2026. That is beating Nvidia, and nobody is talking about it.
This is the kind of setup I love. A real business doing real work behind the scenes, while the crowd fights over the shiny names.
Now let me show you the chart, because the story only matters if the technicals line up. And on TXN, they do.
I run everything through my TPS framework. Trend, Pattern, Squeeze. Here is what I see.
Start with the big picture. On the weekly chart, the moving averages are stacked in the right order and sloping higher.
That is a stock in a strong, healthy uptrend on the timeframe that matters most. The climb from the December lows tells you everything about who is in control.
Now zoom into the daily. This is where it gets interesting.
On the daily, those same moving averages have pulled in tight and tangled up together, right around 300. The stock has stopped running and started resting.
That is not weakness. That is a strong stock catching its breath.
And the daily has a squeeze firing right now. This is the part that gets my attention.
A squeeze is what happens when a stock coils up tight and quiet, with the range getting narrower and narrower. It is a spring winding up. When it finally releases, it tends to move fast and far.
Stack it all together. A boring business that turned into a stealth AI winner, a strong uptrend on the weekly, and a daily squeeze coiling up while the stock rests right below its highs.
That is why TXN is at the top of my watchlist right now. I am not chasing it here. I am watching it, letting the setup come to me, and waiting to see this thing release.
Your Action Plan
On Wednesday, July 15, at 2 PM ET, I am hosting a free live Sector Strike briefing. I will walk through where the money is rotating next and the setups I am watching to trade it, including names coiling up just like this one.
It is free.