10 AI Stocks Investors are Watching Closely

7. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 43

Teradyne, Inc. (NASDAQ:TER) creates automated test systems and robotic solutions. On January 22, the company’s division Teradyne Robotics, announced that it has entered into a strategic partnership with Analog Devices, Inc. (ADI), a global semiconductor leader. The partnership aims to accelerate the development and use of advanced robotics. The collaboration will allow the companies to develop and deploy robots, AI, and software to support ADI’s goal of improving automation, thereby improving safety, efficiency, and overall operations. In particular, Teradyne’s Universal Robots (UR) and Mobile Industrial Robots (MiR) will be integrated with ADI’s system-level electronics expertise for bringing state-of-the-art robotics and automation solutions to the market.

“By combining Teradyne Robotics’ market-leading UR Cobots and MiR AMRs with ADI’s extensive system-level electronics expertise, we are poised to revolutionize the robotics and automation landscape. This partnership will enable us to deliver state-of-the-art solutions that drive innovation and efficiency throughout the semiconductor lifecycle. In doing so, we will also be applying robotics applications and technologies, which will further advance robotics in additional sectors ripe for automation”.

-Ujjwal Kumar, Group President, Teradyne Robotics.