Shares of Aehr Test Systems, Inc. (AEHR) jumped over 13% on Monday morning after the company announced that it received an initial order worth $10 million from its first artificial intelligence customer.
AEHR is currently trading at $13.05, up $1.52 or 13.20%, on the Nasdaq. The stock opened its trading at $13.95 after closing Friday at $11.53. The stock has traded between $9.83 and $30.00 in the past 52-week period.
Aehr Test Systems, a supplier of semiconductor test and burn-in equipment, announced the receipt of its first artificial intelligence (AI) customer order for multiple high-power FOX-XP wafer-level test and burn-in systems and multiple sets of Aehr Test proprietary WaferPakTM Contactors.
These initial volume production orders are valued at over $10 million with the first system scheduled to ship immediately and completion of the shipments of the systems and initial product WaferPaks within 90 days.
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