Why Aehr Test Systems Stock Is Up Big Today
Yesterday after market close, Aehr Test Systems (NASDAQ: AEHR) reported fiscal fourth-quarter financials, easily surpassing analysts' expectations and forecasting improving market conditions up ahead.
Investors took note, sending Aehr shares up 22% as of noon ET.
Aehr makes semiconductor testing equipment helpful for chips designed for high-stress environments like electric vehicles (EVs). The stock was a big winner in 2023 as excitement about EVs grew, but has struggled so far in 2024 as automakers pulled back on their electric vehicle expectations.
Source Fool.com
