Teradyne: AI Arms Race Fuels Semiconductor Testing Demand, Driving Growth

Following my coverage on Teradyne (NASDAQ: TER ) in May'24, which I upgraded to a buy rating as I was encouraged by the 2Q24 guidance and expected TER to benefit greatly from the AI demand tailwind, this post isI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to ...