TRT Gains 10.09% to $6.33, Could 3x Within Weeks
TRT secured a brand-new $5.3 million AI GPU order — most likely from AMD, representing the first contract tied to AMD’s new OpenAI deal. Read Full Story →
AEHR sells semiconductor testing equipment and surged in 2023 on revenue from testing silicon carbide (SiC) power modules for electric vehicles (EVs). Their top customer, On Semi (ON), accounted for a dominant share of revenue across three fiscal years:
| Fiscal Year End | On Semi % of Revenue | Trend |
|---|---|---|
| May 31, 2023 | 78.8% | 🔴 Peak Concentration |
| May 31, 2024 | 67.3% | 🟠 Declining |
| May 30, 2025 | 38.6% | 🟡 Sharp Drop |
| Nov 28, 2025 (6-mo H1 FY2026) | <10% (possibly 0%) | 🟢 Near Zero |
AEHR generated 58.80% of its fiscal Q2 2026 revenue from an unnamed client (not On Semi). Meanwhile, some institutional investors believe On Semi is in the process of switching back to TRT.
When On Semi entered the SiC power module market for EVs, TRT lacked a matching product and lost them as a client to AEHR. TRT responded by developing the Dynamic HTOL Electric Vehicle Power Module Test System in 2023… and institutional investors now believe On Semi is switching back.
Infineon, the global leader in automotive semiconductors, recently opened the world’s largest SiC fab in Malaysia and is projected to take significant market share from On Semi in SiC power modules for EVs. TRT recently bought out its Malaysian partner, becoming 100% owner of its Malaysian subsidiary… positioning itself perfectly to receive Infineon’s SiC testing business.
On March 4, TRT announced its first ever automotive semiconductor testing contract for $2.5 million. TRT is investing significantly in facility expansion to handle all incoming Infineon business… meaning this is just the very beginning of what could rapidly grow into much larger EV-related contracts. Read Press Release →
Despite rapidly declining revenue and large net losses, AEHR’s share price has risen 81.37% in 2026 to a market cap of $1.136 billion… driven almost entirely by a January 8 announcement:
Compare that to TRT’s announcement from today:
Disclaimer: Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always conduct your own due diligence before making investment decisions. This alert is intended for informational and educational purposes only.