On July 9, Teradyne rose 3.82% in pre-market trading, trading at 363.67 USD/share, with turnover of 61.98 million USD. The semiconductor equipment sector rallied collectively, with Applied Materials up 3.87%, Lam Research up 3.64%, KLA-Tencor up 3.15%, ASML up 1.4%, and Entegris up 1.45%.

The Philadelphia Semiconductor Index had previously suffered consecutive sharp declines, with Teradyne pulling back over 20% from its highs. After multiple sessions of selling pressure release, downside momentum has moderated. On the institutional front, Goldman Sachs, Susquehanna, and Baird recently raised Teradyne's target price to a range of $465 to $550, all maintaining bullish ratings, providing sustained valuation support for the stock's recovery.

Additionally, Bank of America Securities noted that the recent semiconductor pullback represents a normal market correction rather than a signal of weakening AI demand, projecting global cloud computing and AI infrastructure capex to approach $1.5 trillion by 2027, representing 40%-50% growth from current levels. The current rebound reflects a continuation of technical recovery following the sector's oversold conditions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)