First Eagle Global Equity ETF on Texas Instruments Incorporated
Thesis
Texas Instruments supplies analog and embedded-processing chips used across a wide range of applications. First Eagle sees sustained AI demand for GPUs, CPUs and networking systems as driving greater need for TI's analog semiconductors in power, battery and networking functions. Better-than-expected earnings guidance strengthened the case during the quarter. The fund therefore views AI infrastructure growth as an indirect but meaningful demand driver for TI.
“Higher than expected earnings guidance further fortified returns.”