Technology

Teradyne, Inc. (NASDAQ: TER) shares are rebounding sharply, up about 4% and recovering from Monday's 13.3% AI-slowdown-driven selloff and Tuesday's broader semiconductor weakness, as chip stocks bounce broadly ahead of the Fed's rate decision.

Vera Therapeutics, Inc. (NASDAQ: VERA) shares are pulling back after Monday's ORIGIN 3 data announcement, with investors now weighing caveats around the positive headline results.

EPAM Systems, Inc. (NYSE: EPAM) shares are giving back a portion of their recent earnings-driven rally, falling as broader markets digest the Fed's rate decision and elevated Treasury yields, which have pressured richly valued technology and IT-services names.

Cipher Digital, Inc. (NASDAQ: CIFR) shares are surging roughly 16% and sharply outperforming the broader tech tape, rebounding strongly after Tuesday's crypto-linked selloff that had pushed the stock down about 3.4% amid a broader bitcoin pullback ahead of the Fed decision.

Semtech Corporation (NASDAQ: SMTC) shares surged roughly 11% on heavy trading interest, sharply outperforming the broader semiconductor sector and market as the stock rebounds strongly from this week's AI-driven tech selloff.

Alvotech (NASDAQ: ALVO) shares are surging after Barclays analyst Glen Santangelo issued a rare double upgrade, moving the stock from Underweight to Overweight and doubling his price target to $8 from $4, citing a materially improved regulatory outlook.

AXT, Inc. (NASDAQ: AXTI) shares are surging as investors rotate back into the indium phosphide substrate maker following a volatile stretch tied to its AI-driven optical connectivity growth story.