10 AI Stocks on Wall Street’s Radar

7. Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ:AEHR) is a leading designer, manufacturer, and seller of test and burn-in products for semiconductor devices in the wafer level, singulated die, and package part forms globally. The company’s high-power package part burn-in test solutions for AI chip manufacturers position it as a top provider of reliability and testing solutions globally.

Although the company’s net revenues and cash and equivalents fell sequentially for the quarter ended November 29, 2024, Aehr Test Systems (NASDAQ:AEHR) was able to secure the first AI processor customer for wafer-level burn-in and its first volume production order from the AI client, which happens to be a large-scale data center hyperscaler.

“Market diversification into artificial intelligence (AI) processors, gallium nitride power semiconductors, data storage devices, silicon photonics integrated circuits, and flash memory is driving new opportunities in terms of customers and revenue. This progress includes our wafer-level burn-in solutions and also the success we’re achieving with the new semiconductor package part test and burn-in product line from the acquisition of Incal Technology,” said CEO Gayn Erickson.