It's exciting times in the emerging but fast-growing silicon carbide (SiC) market supporting the growth of electric vehicles (EVs), and Aehr Test Systems (NASDAQ: AEHR) is cashing in. The company just reported a near-doubling in sales from the same quarter a year ago to $20.6 million (for the three months ended in August 2023).

Nevertheless, the stock has taken a header from highs reached this past summer, sliding from a high-water mark of $54 a share to about $40 as of this writing -- and it's been bouncing around plenty since the earnings update.

With such knockout quarterly results, why did Aehr stock fall, and is it time to buy the dip? 

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Source Fool.com