35 Trending AI Stocks on Latest News and Analyst Ratings

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20. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 41

Teradyne, Inc. (NASDAQ:TER) designs, develops, manufactures, and sells automated test systems and robotics products globally. In the second quarter earnings call, Greg Smith, the CEO of Teradyne, Inc. (NASDAQ:TER), explained how Cloud AI products were driving strong demand for ATEs across chip and memory markets. In the first half of 2024, the company was able to exceed the revenue it had made from chipmakers in all of 2023. Cantor Fitzgerald recently upgraded the stock to Overweight from Neutral with an unchanged price target of $16 and added the shares to the investment firm’s Top Picks list.

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