AI Chip Orders Lift Teradyne, Carillon Says
Carillon’s July investor letter says rising data-center spending is driving very strong orders for memory and custom-silicon testers that could let Teradyne win share from larger customers.
Overview
- In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted that AI-driven demand for high-capacity memory and custom silicon has produced very strong orders for Teradyne’s automated test equipment.
- Teradyne makes the tester systems and robotics that check chips during design and production, and higher investment in AI hardware raises direct demand for that capital equipment.
- The stock closed at $319.41 on July 29, 2026, reflecting a roughly $50 billion market value after a one-month pullback that followed a large 52-week gain.
- Hedge-fund holdings in Teradyne edged higher from 77 to 80 portfolios by the end of Q1, and Carillon framed the company-specific case inside a stronger Q2 for mid-cap tech driven by data-center spending.
- Carillon warned that geopolitical tensions, higher energy prices and election uncertainty could cause volatility, and stronger tester orders could ripple to suppliers, factory hiring and data-center build plans if demand persists.