Core Insights - Aehr Test Systems' shares fell by 8.6% in response to the release of updated AI models by Chinese start-up DeepSeek [1] - The company recently signed its first AI customer, indicating a strategic shift towards the AI processor market to mitigate weaknesses in its core silicon carbide chip market [2] Market Context - DeepSeek's low-cost AI solutions pose a threat to U.S. AI companies and the infrastructure providers, including those supplying AI processors that require Aehr's wafer-level burn-in test equipment [3] - Aehr's primary market, which traditionally accounts for about 90% of its revenue, is the silicon carbide wafer-level test and burn-in equipment market, heavily driven by electric vehicle (EV) demand [4] Challenges and Opportunities - The near-term growth in the silicon carbide market is hindered by disappointing EV sales attributed to high interest rates, with management indicating that growth outside of China will remain challenging until 2026 [5] - Despite the setback from DeepSeek's AI developments, there is potential for increased adoption of AI applications, which could positively impact AI processor companies and benefit Aehr's market position [5]

Core Viewpoint - A class action securities lawsuit has been filed against Aehr Test Systems, Inc. alleging securities fraud that negatively impacted investors between January 9, 2024, and March 24, 2024 [1][2] Group 1: Allegations - The lawsuit claims that Aehr made false statements and concealed significant delays in customer orders, which were contrary to prior representations [2] - It is alleged that these delays would materially affect the Company's revenue growth, leading to overstated business and financial prospects [2] - Consequently, the Company's public statements were deemed materially false and misleading throughout the relevant period [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until February 3, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing substantial recoveries for shareholders and has been recognized as a top securities litigation firm in the United States for seven consecutive years [4]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Aehr Test Systems securities between January 9, 2024, and March 24, 2024, of the February 3, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Aehr securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 3, 2025 [2] - The lawsuit alleges that Aehr made false and misleading statements regarding customer order delays and overstated its business and financial prospects, leading to investor damages when the truth was revealed [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been ranked highly for its performance in securities class action settlements [3]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Aehr Test Systems, Inc. regarding a class action lawsuit due to alleged misleading statements and undisclosed delays in customer orders that negatively impacted the company's revenue growth [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from January 9, 2024, to March 24, 2024, Aehr Test Systems made materially false and misleading statements [1]. - Specific allegations include: - Aehr continued to experience substantial delays in customer orders contrary to prior representations [1]. - These delays were likely to have a material negative impact on the company's revenue growth [1]. - The company's business and financial prospects were overstated as a result [1]. - Public statements made by the company were materially false and misleading at all relevant times [1]. Next Steps for Shareholders - Shareholders who purchased shares of AEHR during the specified timeframe are encouraged to register for the class action [2]. - The deadline to seek lead plaintiff status is February 3, 2025, and there is no cost or obligation to participate [2]. Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Core Viewpoint - Aehr Test Systems is a semiconductor testing equipment provider with exposure to growth trends in AI and EVs, but the stock has seen a significant decline of approximately 77% since its peak in August 2023 due to disappointing quarterly results and guidance [1][2]. Group 1: Company Performance - The company reported a 37% year-over-year decline in sales, totaling $13.45 million, which was below the expected $15 million by analysts [8]. - Bookings for fiscal Q2 were only $9 million, down from $16.8 million in fiscal Q1, raising concerns about near-term growth [9]. - The order backlog stands at $26.6 million, indicating some ongoing projects, but inventory write-downs due to reduced pricing power suggest challenges ahead [10]. Group 2: Market Opportunities - Long-term growth is supported by the anticipated recovery of the EV market and the clean energy revolution [4]. - Aehr has signed its first deal with an AI customer, diversifying its revenue streams and customer base [4]. - The company is expanding into the gallium nitride chip market, which has broad industry applications, and has received initial production orders, indicating commitment to volume production [5][6]. Group 3: Risks and Challenges - The company faces significant near-term issues, including risks associated with Chinese bookings and potential trade conflicts [3]. - Cyclical fluctuations in the semiconductor industry complicate the estimation of the company's position within the cycle, with uncertainty regarding the EV market's momentum and AI sales sustainability [11]. - Trade tensions between the U.S. and China, along with rising competition and intellectual property concerns, pose additional risks that could impact margins and sales forecasts [12].

Class Action Lawsuit - The Portnoy Law Firm is advising Aehr Test Systems, Inc investors of a class action representing those who bought securities between January 9, 2024 and March 24, 2024 [1] - Investors have until February 3, 2025 to file a lead plaintiff motion [1] Financial Results and Stock Impact - On March 25, 2024, Aehr announced preliminary financial results for Q3 FY2024 with expected revenue of $7.6 million, significantly below the consensus estimate of $14.3 million [3] - The revenue shortfall was attributed to delays in wafer-level burn-in system orders for semiconductor devices used in electric vehicles [3] - Aehr revised its 2024 revenue forecast downward by approximately $15 million [3] - As a result, Aehr's stock price dropped by $3.29, or 22.4%, closing at $11.37 per share on March 25, 2024 [4] Allegations in the Complaint - The class action complaint alleges that during the Class Period, Defendants made materially false and/or misleading statements and failed to disclose critical negative information about the Company's business, operations, and prospects [5] - Specifically, the Complaint asserts that Defendants failed to disclose substantial delays in customer orders, which were likely to significantly negatively affect the Company's revenue growth [5] - The Complaint also claims that the Company's business and financial outlook were overstated, and Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and lacked a reasonable basis [5] Legal Representation - Investors are encouraged to contact attorney Lesley F Portnoy to discuss their legal rights and options for pursuing claims to recover their losses [2] - The Portnoy Law Firm can provide a complimentary case evaluation [2]

Core Viewpoint - Aehr Test Systems, Inc. is facing a lawsuit for alleged violations of securities laws, prompting investors to contact Levi & Korsinsky to discuss their rights before February 3, 2025 [1] Group 1 - The lawsuit indicates potential legal challenges for Aehr Test Systems, which may impact investor confidence and the company's market position [1] - Investors are encouraged to take action by reaching out to legal counsel to understand their rights and options regarding the lawsuit [1]

Core Viewpoint - Aehr Test Systems, Inc. shareholders who have experienced significant losses are being encouraged to participate in a class action lawsuit led by Bronstein, Gewirtz and Grossman, LLC [1] Group 1 - The law firm Bronstein, Gewirtz and Grossman, LLC is announcing the opportunity for Aehr Test Systems, Inc. stockholders to lead a class action lawsuit due to substantial financial losses [1] - The announcement highlights the potential for affected shareholders to seek legal recourse for their losses [1] - The firm is actively seeking individuals who have suffered significant losses in Aehr Test Systems, Inc. to join the lawsuit [1]

Core Viewpoint - Aehr Test Systems, Inc. stockholders who have experienced substantial losses are being alerted to the opportunity to lead a class action lawsuit against the company [1] Group 1 - The law firm Bronstein, Gewirtz and Grossman, LLC is announcing the potential for a class action lawsuit for Aehr Test Systems, Inc. stockholders [1] - Stockholders are encouraged to participate if they have incurred significant financial losses [1] - The announcement highlights the legal recourse available to investors affected by the company's performance [1]

Core Viewpoint - A class action securities lawsuit has been filed against Aehr Test Systems, Inc. for alleged securities fraud affecting investors between January 9, 2024, and March 24, 2024 [1][2]. Group 1: Allegations - The lawsuit claims that Aehr made false statements and concealed significant delays in customer orders, which were contrary to prior representations [2]. - It is alleged that these delays would materially negatively impact the Company's revenue growth, overstating its business and financial prospects [2]. - The public statements made by the Company were deemed materially false and misleading throughout the relevant period [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until February 3, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]. - The firm has over 70 employees dedicated to serving clients in complex securities litigation [4].