Texas Instruments Rises the Most Since 2000 on Rosy Forecast

Texas Instruments Inc. shares jumped the most in more than a quarter-century 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.