Why Shares in Aehr Test Systems Shot Higher by 25% Today (Hint: It's AI Related)

Shares in Aehr Test Systems (NASDAQ: AEHR) were up nearly 25% by midday on Monday. The startling increase comes on the day the company announced a landmark $10 million in initial production orders for semiconductor test and burn-in equipment (whereby semiconductors are tested under electrical stress) for an artificial intelligence (AI) customer.It's important for three reasons. First, the size of the deal is significant, not least for a company estimated by Wall Street analysts to generate just $70.8 million in revenue in 2024.Second, the deal with an AI customer helps diversify Aehr's end-market revenue. The company is known for its role in the silicon carbide chip market used in electric vehicle (EV) power electronics. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool