Cohu: The AI Chip Tester Celebrates 200% Stock Increase in 12 Months and Approaches Turnaround

Since reaching a 10-year high in early 2021, Cohu's stock has been in a stubborn downward trend. The reason for this is the pronounced cyclicality of the semiconductor industry. When chip manufacturers scale back their investments or supply chains stall, it also affects machine builders and suppliers in the background. Cohu's revenue thus plummeted from $887 million in the record year of 2021 to $402 million in 2024. After the company had previously reported profits for three consecutive years, it even slipped back into the red in 2024. In the...