Teradyne shares slide 7.42% in grim trading session
Updated
Updated · MarketWatch · May 7
Teradyne shares slide 7.42% in grim trading session
7 articles · Updated · MarketWatch · May 7
The stock closed at $354.11 as the S&P 500 fell 0.38% and the Dow dropped 0.63%, with trading volume rising to 4.9 million shares from a 50-day average of 3.5 million.
The decline ended a two-day winning streak and left Teradyne 16.11% below its 52-week high of $422.11 reached on 24 April.
Teradyne lagged peers on the day: Keysight fell 3.17%, Cohu dropped 4.31%, while Fortive rose 0.83%.
After record AI profits, why did Teradyne's stock plummet, and is its explosive growth phase already over?
Can Teradyne's 'Physical AI' strategy justify its high valuation as competitors also race for a piece of the AI pie?