BofA Downgrades Texas Instruments on Valuation Concerns, Tariff Headwinds

Texas Instruments, a pillar of the semiconductor world, finds itself at an uncomfortable crossroads where its storied reputation has outpaced the economic reality beneath it. Bank of America analyst Vivek Arya downgraded the company to Underperform on Monday, cutting his price target to $190, arguing that the stock's premium valuation is difficult to justify given its limited AI exposure, swelling inventory, and the gathering clouds of tariff uncertainty over industrial demand. It is a reminder that even the most enduring institutions are not immune to the quiet arithmetic of markets — that pr