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Aehr Test Systems (NASDAQ: AEHR) saw a decline of 11.6% in November 2023 as market sentiment towards AI stocks turned negative, contributing to broader concerns about a potential AI capital spending bubble. Despite this, the company has seen a year-to-date increase of 52% in stock price due to ongoing orders for its wafer-level burn-in test systems for AI processors.
In recent communications, CEO Gayn Erickson noted that “multiple leading companies” are actively requesting benchmark evaluations for their AI processors, indicating a strengthening demand in Aehr’s AI end markets. This contrasts with pressures on its previous core market involving silicon carbide chips for electric vehicles, where growth has slowed.
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