Aehr Test Systems is trading about 5% down at $104.51 as the stock consolidates gains following a multi-day surge triggered by a new AI silicon photonics production order.
- The stock previously jumped nearly 20% on August 4 and over 14% on August 3, reflecting significant investor enthusiasm for its latest AI-related contract.
- Today's pullback appears to be a technical correction as investors lock in profits, even as the broader semiconductor sector remains resilient on the back of strong AI demand and earnings optimism.