Chip Stocks Surge on AI Spending Wave

Teradyne's Q1 revenue jumps 87% to $1.28 billion Applied Materials raised its 2026 semiconductor equipment growth forecast to over 30%. This upward revision is driven by increasing demand for AI-related products. Onto Innovation's revenue hit a record $291.

Teradyne’s Q1 revenue jumps 87% to $1.28 billion

Applied Materials raised its 2026 semiconductor equipment growth forecast to over 30%.

This upward revision is driven by increasing demand for AI-related products.

Onto Innovation’s revenue hit a record $291.95 million, up 9.5% year over year, with a $240 million HBM purchase agreement.

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