New Delhi, Sept. 23 -- Every chip that powers an AI data center must pass a test before it ships. The equipment that runs those tests - Teradyne's automated semiconductor testers - is, at this point, booked out through mid-2027.

set earlier this month and still nearly 50 percent above where the stock closed Monday - drew renewed attention from investors who had been waiting for a re-entry point.

The September selloff compressed Teradyne's stock alongside most chip stocks after the AI development pacing agreement between major AI developers raised questions about whether the buildout of AI infrastructure would decelerate. Teradyne fell roughly five percent on August 18-19, ranking among the S&P 500's largest single-session decliners. Mon...