Chip Earnings Power Averages Higher as Nasdaq Volatility Cools Midweek

What happened

This is a market roundup (paid press release) reporting that major U.S. indices pushed higher midweek on semiconductor and tech earnings: the S&P 500 rose 1.51% over the week's three sessions to close at 7,739.13; the Nasdaq Composite rose 1.98% for the week to 26,468.60; the Dow gained 0.62% for the week to 52,536.29; and the VXN, a measure of Nasdaq volatility, fell 3.51 points for the week to 24.79. The source attributes the gains to semiconductor and tech earnings. On earnings: Texas Instruments reported third-quarter revenue of $6.06 billion, up 28% from the same quarter a year ago, with net income of $2.43 billion, EPS of $2.62, and operating profit up 73% to $2.87 billion, and guided fourth-quarter revenue of $5.80 billion to $6.30 billion with EPS of $2.45 to $2.79. On Broadcom: Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure, executed through a special purpose vehicle to purchase Broadcom XPU AI accelerators and networking solutions to be leased to Anthropic, with deliveries expected starting in calendar 2027 and Broadcom providing residual value support equivalent to the first lien portion of the financing. The article also mentions Meta, IBM and Lockheed Martin developments as additional company news.

Impact and signal

Affected components and suppliers

Source and time

Source: Yahoo Finance — TXN · 10/28/2026 · View original source