Columbia Threadneedle Investments, an investment management company, released its "Columbia Seligman Global Technology Fund" second quarter 2026 investor letter. However, geopolitical uncertainty, higher interest rates and heavy AI investment could pressure valuations and free cash flow. In its second-quarter 2026 investor letter, Columbia Seligman Global Technology Fund highlighted Teradyne, Inc. (NASDAQ:TER). On July 29, 2026, Teradyne, Inc. (NASDAQ:TER) closed at $319.41 per share. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.