Aehr Test Systems is trading 5% up at $98.47 after Oppenheimer initiated coverage on September 10 with an Outperform rating and a $120 price target, citing the company’s AI-chip burn-in opportunity.

  • The move also follows September 10 institutional meetings at the Lake Street Capital Markets Best Ideas Growth Conference, where management highlighted traction in AI processors and related semiconductor applications.
  • Broader market sentiment is supportive, but the analyst initiation is the clearest company-specific catalyst.