Texas Instruments shares (TXN) tumbled Wednesday after the analog chipmaker well known for its calculators issued a light current-quarter profit outlook. The company, whose chips serve customers in most sectors across the economy,

Texas Instruments Inc., a key chipmaker for producers of cars and factory equipment, tumbled after stoking fears that a tariff-fueled surge in demand will be short-lived.

Texas Instruments shares sank 11% on Wednesday after executives adopted a markedly cautious tone and issued a weak quarterly profit forecast, intensifying investor concerns over the impact of tariffs.