Aehr Test (AEHR) Soars 42% on New Supply Deal With Giant Hyperscaler

We recently published 10 Big Names With Surprising Gains. Aehr Test Systems, Inc. (NASDAQ:AEHR) is one of the top performers of last week.

Aehr Test Systems soared by as much as 42 percent on Monday as investors cheered news that a major hyperscaler building artificial intelligence processors placed additional orders for its chips, while hinting at more to come in the future.

In a statement, Aehr Test Systems, Inc. (NASDAQ:AEHR) said that it received follow-on orders for six Sonoma ultra-high-power packaged part burn-in systems from a major hyperscaler, which it refused to name.

It said the systems will be used for high-volume production test and burn-in of advanced AI processors, and will ship from its production facility in Fremont, California, over the next two quarters.

“This customer is one of the premier large-scale data center providers developing its own AI processors, and they have already indicated plans to expand capacity for this initial device and add additional AI devices over the next year. We are also engaged with them on future generations of processors to ensure we can support their long-term production needs,” said Aehr Test Systems, Inc. (NASDAQ:AEHR) President and CEO Gayn Erickson.

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