The AI infrastructure market is booming, with global spending expected to hit $394 billion by 2030, growing at a rate of 19.4% annually. Teradyne is a key player in this market, providing semiconductor test equipment. The company’s stock has surged 57% YTD and 69% in the past year, with potential for further growth.

Teradyne’s position in the AI manufacturing ecosystem, especially in advanced chip production, has attracted attention. It may become a second-source test supplier for Nvidia’s next-gen Blackwell chips, a move that could significantly impact its growth. Analysts expect a 43.16% increase in EPS and a transition year in 2025.

Wall Street views Teradyne favorably, with a “Moderate Buy” rating and an average price target of $191.87. The stock has potential for higher targets as the AI test cycle strengthens. With revenue tied to advanced chips and positive earnings estimates, Teradyne is poised for bullish performance in 2026 despite short-term volatility.

Read more at Yahoo Finance: Stifel Says This 1 ‘Picks and Shovels’ AI Stock Is a Buy for Massive Growth in 2026