Teradyne stock drops nearly 5% after AI-fueled rally cools, Northland flags valuation
Teradyne shares fell 4.9% to $269.07 at Wednesday’s close, retreating after a sharp post-earnings rally. The company reported a 44% jump in Q4 revenue to $1.083 billion, driven by AI demand, and issued guidance above Wall Street estimates. Northland downgraded the stock on valuation concerns. The drop came as chip stocks slid broadly, with AMD plunging 17% and Nvidia also down.