Shares of Aehr Test Systems (AEHR) jumped 23% on Tuesday morning after the company announced significant follow-on orders from its lead production artificial intelligence (AI) processor customer.
The stock opened at $19.25, up from a previous close of $16.45. The trading volume was over 3.5 million shares, above the average of 1.06 million.
Aehr said the new orders are for eight Sonoma ultra-high-power systems, which will be used for volume production test and burn-in of next-gen AI processors. These systems will be shipped over the next six months from the company's high-volume production facility in Fremont, California.
"This customer is significantly expanding its capacity and has already begun discussing next-generation processors with us," said Gayn Erickson, President and CEO of Aehr Test Systems. "These orders more than double the number of production systems with this customer, a top-tier hyperscaler delivering computing power to millions."
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