Teradyne Stock Soars 20% on AI-Fueled Earnings Beat and Bullish Forecast
Teradyne shares soared over 21% in after-hours trading on October 28 after Q3 revenue and earnings beat estimates, driven by strong AI chip tester demand. The company issued Q4 guidance far above Wall Street forecasts, citing robust orders. Michelle Turner will become CFO on November 3, replacing Sanjay Mehta. Analyst reactions were mixed as the stock surged past many price targets.