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Investing.com-- Advantest Corp’s shares jumped to a record high on Wednesday after the Nvidia supplier clocked strong fiscal second-quarter earnings and also hiked its annual guidance.
Advantest Corp. (TYO:6857) surged as much as 16% to a record high of 21,220.0 yen, underpinning a 1.3% jump in the Nikkei 225 index, which also hit a record high.
Advantest’s operating profit surged nearly 71% to 108.4 billion yen ($710 million) in the July-September quarter, underpinned by a 38% jump in sales to 262.9 billion yen.
The company, which builds semiconductor testing equipment, hiked its annual operating profit forecast by 25% to 374 billion yen, with sustained spending on artificial intelligence widely expected to keep driving strong earnings growth.
Advantest also hiked its fiscal 2026 sales forecast to 950 billion yen from 835 billion yen, while net income is expected at 275 billion yen, up from prior forecasts of 221.5 billion yen.
Advantest is a supplier to AI major NVIDIA Corporation (NASDAQ:NVDA), and has largely tracked a valuation boom in the company over the past two years. Increased AI development ramped up spending on chips and chip-related equipment, which benefited Advantest greatly.
Advantest shares are trading up about 124% so far in 2025.