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IAC reported 2025 revenue of $2.39 billion, a $97.4 million operating loss and $986.8 million of cash, cash equivalents, restricted cash and equivalents at year end. The Coverage Bootstrap question is whether the portfolio company can turn liquidity, public st
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AI chips still need to be tested, and Teradyne sits in that less flashy bottleneck.
OpenTeradyne is a semiconductor equipment story with a sharper question than simple AI exposure. The filing baseline shows a profitable test-equipment company with strong recent revenue and cash generation, but the thesis depends on whether the rebound can broaden
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