The robotics company said Q4 results were driven by "strong AI-related demand in compute and memory."
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Teradyne
stock popped on Tuesday after the company beat fourth-quarter estimates thanks to strong artificial intelligence demand.
The robotics company reported adjusted earnings of $1.80 per share, exceeding the $1.37 per share expected by analysts surveyed by LSEG. Revenue totaled $1.08 billion, topping a forecast of $973 million.
Teradyne’s fourth-quarter revenue was up 44% compared to a year ago.
Texas Instruments beat on earnings and revenue and gave upbeat guidance.
The company expanded on its $7 billion lease agreement for artificial intelligence data centers with CoreWeave.
Robust earnings results from chip manufacturing giant TSMC just gave a huge lift to the AI trade.
The AI chipmaker's strong quarterly earnings have boosted global AI stocks.
TSMC reported another quarter of record profit, with the company expecting AI demand to continue to grow.
TSMCy delivered another estimate-beating quarter, with profit up 35% from a year ago as advanced chip orders tied to AI continued…
