-13.30% to $329.20 from $379.72
What moved TER
- Shares plunged about 9.6%, the worst performer among semiconductor-equipment and AI-hardware peers in the session.
- The drop came amid coordinated selling across AI-infrastructure and optical-networking names, a move that accelerated after Corning’s equity-offering announcement rattled the group.
Sources: Alphastreet · 24/7 Wall St.
-1.93% to $375.74 from $383.15
What moved TER
- Baird downgraded Teradyne to Neutral from Outperform, citing valuation concerns and a lack of major growth catalysts before 2028.
- Analyst Quinn Fredrickson called it a tactical rather than fundamental call, saying Teradyne’s merchant-GPU order momentum — about $50 million in 2026 scaling toward roughly $600 million over several years — is already well understood and priced into the stock.
- Baird noted Teradyne’s silicon-photonics and co-packaged-optics opportunities aren’t expected to become catalysts until 2028-2029.
Sources: Investing.com · GuruFocus