Texas Instruments (TXN) Stock Could Be 20% Overvalued As AI Data Center Push Grows

Texas Instruments has more than doubled shareholders' money over the past three years, which puts a sharp spotlight on a simple question for you as an investor. Is the current share price still in line with the cash the business is expected to generate, or has sentiment moved ahead of the underlying stream of dollars? The stock has returned 103.3% over the past three years, so a lot of future cash flow is now effectively being priced in. That raises the stakes for any valuation based on what...