Artificial intelligence (AI) is all the rage right now, thanks to the viral hit ChatGPT, which Microsoft just made a big bet on. But the concept AI embodies -- automation -- is far from new.

In the wake of the Great Recession of 2008-2009, Teradyne (NASDAQ: TER) emerged as a growth stock. It sells a very different type of "AI" -- physical robots that can automate the testing and manufacturing of electronics and other mass-manufactured products.

According to many reports, robotic sales hit new records in 2022, and are poised to remain a top growth market the rest of this decade. But Teradyne has reported some glitches in its system lately. As a consequence, the stock is down 38% from its all-time highs reached in late 2021.

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Source Fool.com