News

It takes a lot for artificial-intelligence trade-related companies to impress Wall Street with earnings or guidance these days, but Teradyne has done just that. Shares of the semiconductor test equipment manufacturer rose 9% to $338.43 on Wednesday after the company late Tuesday reported better-than-expected second-quarter earnings and solid quarterly guidance. Teradyne posted adjusted earnings of $2.47 a share in the second quarter, up from 57 cents a year ago and well above Wall Street’s expectation of $2.09.

Chip-testing equipment maker Teradyne forecast third-quarter revenue above Wall Street estimates ‌on Tuesday, betting on a sustained rise ‌in investment in wafer fabrication equipment, sending the company's shares ​up 13.5% in extended trading. Growing demand for more complex and powerful chips used in AI data centers and vehicles has driven the need for ‌sophisticated, higher-priced testing ⁠equipment, benefiting suppliers such as Teradyne. The company is a supplier of automated ⁠test equipment used to verify the quality and reliability of semiconductors.

The stock market is fine outside AI. Seagate, SK Hynix, KLA and Bloom Energy are key earnings late. Will the Federal Reserve surprise?

Teradyne reported higher second-quarter revenue and profit as the artificial intelligence boom fueled growth in its business providing testing equipment for semiconductors.

Teradyne, Inc. (TER) gained 3,163% since last first outlier inflow signal in March 1995.

The Long Beach-based space company will officially join the index on June 22, placing it alongside Nvidia, Apple, and Microsoft

Investing.com -- Shares in Teradyne jumped more than 6% in premarket trading Thursday after the stock received an upgrade at JPMorgan, with the bank’s analysts flagging an attractive entry point following a nearly 20% post-earnings selloff.