Aehr Test Systems (AEHR) surged 42% after securing a new deal with a major hyperscaler for its AI processor chips. The undisclosed customer placed follow-on orders for six burn-in systems, showing confidence in AEHR’s technology. The company will be shipping the systems from its California facility over the next two quarters.

The hyperscaler, a large-scale data center provider, is developing its AI processors and plans to expand its capacity for current and future devices. AEHR’s President and CEO, Gayn Erickson, expressed confidence in the partnership, highlighting the potential for long-term collaboration on upcoming processor generations.

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Read more at Yahoo Finance: Aehr Test (AEHR) Soars 42% on New Supply Deal With Giant Hyperscaler