JOHNSON MERCEDES sold $46K of TER

Jefferies initiated coverage of Teradyne and FormFactor with Buy ratings, citing their roles in AI-driven chip testing. Teradyne's stock rose 8.3% to $265.78, with a $284 target, while FormFactor gained 11.9% with a $102 target. Jefferies projects significant growth in the automated test equipment market, with Teradyne's revenue potentially rising from $1.9B to $6.9B by 2030. Both companies have seen recent pullbacks but reported strong AI-related revenue growth.

Jefferies initiated coverage of Teradyne (NYSE:TER) with a Buy rating and $284 price target, citing AI-driven demand. The broker forecasts semiconductor testing market growth to $25B by 2030, with Teradyne's SoC testing revenue rising to $6.9B. Teradyne's shares fell 53% from summer highs, which Jefferies sees as an entry point. The bank expects Teradyne to gain market share and benefit from Nvidia's (NASDAQ:NVDA) adoption of dual sourcing.

Teradyne (TER) stock rose over 10% to 270.71 after Jefferies initiated coverage with a buy rating and a 284 price target, citing the company's shift to AI-related business.

Teradyne (TER) stock rose 8% in pre-market trading after Jefferies initiated coverage with a Buy rating and $284 price target, citing AI-driven growth. Analysts expect the semiconductor test equipment market to expand significantly, with TER benefiting from increased system-on-chip testing. The company's Q3 2026 earnings beat consensus, and broader tech sector gains also supported the surge.

Shares of Micron (MU), FormFactor (FORM), Amkor (AMKR), Teradyne (TER), and Nvidia (NVDA) surged after President Trump's AI infrastructure support eased sector concerns. MU rose 7.4%, FORM 9.5%, AMKR 5.3%, TER 3.8%, NVDA 5.6%. FORM's volatility reflects market sentiment, while MU paused a $4.5B plant in Taiwan due to labor disputes.

The PHLX Semiconductor Index (SOX) fell 8.92% to 9,352.46, below its 50-day and 200-day moving averages. KLA (KLAC) reported Q1 revenue of $4.14B, Teradyne (TER) Q3 revenue of $1.306B, Entegris (ENTG) Q3 net sales of $1.006B, Qualcomm (QCOM) fiscal 2026 revenue of $43.1B, and NXP (NXPI) Q3 revenue of $3.79B. All companies provided guidance for upcoming quarters.