Closing Bell: Texas Instruments Rallies, Microsoft Drops, Intel Earnings | Stock Movers

Today's biggest winners and losers in the stock market.

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- Texas Instruments (TXN) shares jumped the most in more than two decades after the chipmaker gave a surprisingly strong forecast, helped by booming spending on data centers and industrial equipment. Revenue will be $5 billion to $5.4 billion in the second quarter, the company said in a statement Wednesday. Analysts had estimated $4.85 billion on average, according to data compiled by Bloomberg.

- Microsoft (MSFT) and Meta (META) are both planning cuts or announcing buyouts that could affect as many as 23,000 jobs, part of an effort to streamline operations and offset heavy spending on artificial intelligence. Microsoft issued a memo offering voluntary buyouts to thousands of its US employees. About 7% of the US workforce will be eligible for the buyouts, according to a person familiar with the planning. The company has never previously done buyouts of this scale, said the person, who requested anonymity to discuss an internal matter. Microsoft had 125,000 employees in the US as of June 2025. That would make about 8,750 workers eligible for the program. Shares of the big tech company dropped in trading today.

- Intel (INTC) gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, the company said Thursday in a statement. Analysts, on average, estimated $13 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be about 20 cents a share, compared with a Wall Street prediction of 9 cents. Shares rose in aftermarkets trading.

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Closing Bell: Texas Instruments Rallies, Microsoft Drops, Intel Earnings