Hot stock: AEM climbs as much as 13.4% following contract win

SHARES of mainboard-listed AEM jumped as much as 13.4 per cent on Wednesday (Apr 3) after announcing a contract win for its automated burn-in (ABI) test system.

The counter reached a high of S$2.45 at 9.53 am, up S$0.29. By 10.52 am, shares of AEM were trading 10.7 per cent or S$0.23 higher at S$2.39, with 6.7 million shares changing hands.

On Wednesday, AEM, which provides advanced chip-testing solutions, announced a contract win from a “major fabless provider” of high-performance compute and artificial intelligence (AI) semiconductor chips.