Stock Track | AEM Holdings Soars 3.28% in Pre-Market After DBS Raises Target Price on Strong AI Demand Outlook

Stock Track03-24

AEM Holdings' stock surged 3.28% in pre-market trading on Tuesday, following positive analyst commentary that highlighted the company's strong position in the growing system-level test market driven by artificial intelligence demand.

DBS Group Research analysts raised their target price for AEM Holdings to S$4.60 from S$3.30 while maintaining a buy rating, citing the company's promising outlook. According to DBS analyst Amanda Tan, AEM is well-positioned to benefit from the expanding system-level test market, with new technology driving increased test-related spending. The company stands at the beginning of a multiyear solutions rollout for new clients, with contributions from fabless AI customers expected to more than double in 2026.

In a broader market note, DBS analysts also highlighted that Singapore's technology stocks have room for further gains, supported by strong AI-driven demand and resilient earnings growth. AEM Holdings was specifically mentioned as one of DBS's preferred picks in the semiconductor-solutions sector, alongside the robust AI outlook reinforced by developments such as Nvidia targeting $1 trillion in revenue by 2027.

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