Aehr Test Systems (NASDAQ: AEHR) stock soared 32.1% on Friday, powered by the semiconductor test and reliability qualification equipment supplier's prior-afternoon release of a better-than-expected report for its second quarter of fiscal 2023.

Both revenue and earnings easily beat Wall Street's consensus estimates, and management reiterated its full-year guidance.

Investors are enthused -- and rightly so, in my view -- about Aehr's potential to get a long-term tailwind from the electric vehicle (EV) revolution. The company is experiencing growing demand for its equipment from manufacturers of silicon carbide semiconductors, which are increasingly being used in EVs.

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Source Fool.com