Teradyne is trading 7.9% down at $329.85 as part of a sharp pullback in semiconductor and chip-related stocks following an extended AI-driven rally.
- The broader semiconductor group is under pressure due to renewed competition fears stemming from China’s tech breakthroughs.
- Investors are engaging in profit-taking across high-valuation names in the sector.
- No fresh, company-specific news or guidance changes have been reported to explain the move.