What Happened?
A number of stocks jumped in the afternoon session after Bloomberg reported that Anthropic told prospective investors its second-quarter revenue jumped more than 14-fold.
Anthropic reported preliminary second-quarter revenue of more than $11.5 billion, versus $787 million a year earlier and $4.73 billion in the first quarter according to Bloomberg. The company also showed positive adjusted operating income for the first time. Bloomberg said the figures could still be revised. Chip stocks are a leveraged bet on whether AI labs can keep paying for GPUs, memory, and storage. If Anthropic could more than double sequential sales, and no longer run an adjusted operating loss, this could be evidence that there is sufficient demand to fund that spend. Reuters separately reported, citing two people familiar with the company’s financials, that Anthropic is projecting 2028 revenue of roughly $190 billion to $200 billion. That could explain why memory and NAND names led the rebound during the session: serving that many queries consumes DRAM and storage, not only training chips.
Chip stocks followed the memory-led rally as Commerce Secretary Howard Lutnick told The Wall Street Journal the Trump administration opposes Apple buying Chinese memory chips. Lutnick said Washington is “not in favor” of Apple using Chinese memory and that he had conveyed that “plainly,” a message that would keep more of the shortage with Micron, Samsung, and SK hynix.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Semiconductor Manufacturing company Amkor (NASDAQ: AMKR) jumped 4.2%. Is now the time to buy Amkor? Access our full analysis report here, it’s free.
- Semiconductor Manufacturing company Teradyne (NASDAQ: TER) jumped 5.4%. Is now the time to buy Teradyne? Access our full analysis report here, it’s free.
Zooming In On Teradyne (TER)
Teradyne’s shares are extremely volatile and have had 51 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 5 days ago when the stock gained 6% on the news that a wave of upbeat earnings reports and bullish forecasts from key industry players signaled robust and sustained demand for artificial intelligence technology.
The rally was sparked by strong quarterly results from several AI-related firms, reinforcing investor confidence in the sector. Super Micro Computer, a seller of servers and other AI equipment, saw its shares jump after its earnings per share came in 84% higher than expected and it provided a revenue forecast that topped estimates. Similarly, CoreWeave, which provides cloud computing for AI systems, rallied after its sales forecast also exceeded expectations. This positive sentiment echoed globally, with Asian markets gaining as traders bought into AI- and semiconductor-related shares.
Teradyne is up 112% since the beginning of the year, and at $440.85 per share, it is trading close to its 52-week high of $483.84 from June 2026. Investors who bought $1,000 worth of Teradyne’s shares 5 years ago would now be looking at an investment worth $3,798.
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
