
After posting its largest single-day gain of 2025, small-cap chip stock Aehr Test Systems (NASDAQ: AEHR) just took a huge hit. On Oct. 7, shares closed down by more than 17% as the market reacted to the company’s latest earnings report. The drop follows a critical announcement Aehr made in late August, which sent shares up by almost 36% in one day. The firm said it had received follow-on orders for its Sonoma systems from a major artificial intelligence (AI) hyperscaler. This excited markets, positioning Aehr as a small company that could ride the AI wave in a big way.
Below, we’ll detail the key points from the company’s latest earnings that investors need to be aware of. Ultimately, did an opportunity just open up for investors in this headline-grabbing stock?