1 Small Chip Company Making Serious Dough From Electric Vehicles
Aehr Test Systems (NASDAQ: AEHR) is a little-known stock that's helping power the electric vehicle (EV) movement. The company knocked another one out of the park on its last quarterly earnings update, getting a huge lift from the sale of equipment it makes for a niche within the semiconductor industry. Share prices are down about 17.6% so far in 2022, but that's far better than the 41.3% drop for semiconductor stocks overall as measured by the iShares Semiconductor ETF.
Can Aehr Test Systems run higher from here as EV production continues its relentless expansion?
Silicon is the basic substrate material that electronic computing devices are built on. You've probably seen images of these thin circular silicon objects before, perhaps being held by someone in a white lab suit. Silicon is an ideal material for mass producing chips because of its semiconductive properties, but also because it's plentiful and cheap.
Source Fool.com
