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