ARKK - Is This Cathie Wood Chip Stock a Buy Right Now?
2023-08-03 06:55:00 ET
Semiconductor test equipment and robotics maker Teradyne (NASDAQ: TER) is currently the fourth largest holding in Cathie Wood's ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ) . Wood and team also increased their stake in the flagship ARK Innovation ETF (NYSEMKT: ARKK) ahead of Teradyne's earnings. https://cathiesark.com/arkk-holdings-of-ter
Despite an ugly downturn for the chip industry, Teradyne reported slightly better-than-expected results for second-quarter 2023. Is this equipment company stock a buy?
The bulk of Teradyne's business is making machines that test semiconductors and computing systems for integrity before getting sold. This equipment has a wide range of applications, from actual chip fabs (the plants that make semiconductors) to subcontractors that assemble chips for use in everything from autos to wireless networks.
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Is This Cathie Wood Chip Stock a Buy Right Now?