On August 24, Aehr Test fell 8.45% in regular trading, trading at $93.77/share, with turnover of approximately $48.11 million. The decline came amid a broad selloff across the semiconductor equipment sector.
The semiconductor equipment industry experienced widespread weakness during the session. Among sector peers, Applied Materials fell 3.26%, ASML Holding dropped 1.80%, Lam Research declined 4.31%, KLA Corporation lost 3.11%, and AXT Inc slid 10.75%. Aehr Test, with its smaller market capitalization and higher volatility profile, saw amplified downside pressure relative to larger-cap peers.
The pullback follows a period of significant gains for Aehr Test, which had surged on multiple catalysts including a $22 million follow-on AI processor order, a silicon photonics production order, and a Jefferies buy initiation with a $175 price target. The stock had risen from approximately $65 in late July to above $130 in mid-August before the recent retracement.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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