Aehr Test Systems (AEHR) shares faced downward pressure on May 15, 2026.

Investors reacted to the company's mixed third-quarter results and a planned $60 million stock offering. This capital raise triggered concerns regarding potential shareholder dilution.

Profit-taking contributed to the decline following substantial year-to-date gains.

A broader sell-off in AI-related chip stocks further impacted the share price. The semiconductor industry faces mounting fears of new trade limitations and macroeconomic headwinds.