Shares of semiconductors were outpacing the broader markets, which were quite volatile today. Industry leaders Taiwan Semiconductor Manufacturing (NYSE: TSM), Micron Technology (NASDAQ: MU), and Aehr Test Systems (NASDAQ: AEHR) were up 2.1%, 5.5%. There wasn't any company-specific news today, but the broader semiconductor sector was up strongly, even as many other cyclical industries outside of tech were struggling.
Tesla's new powertrain system is more efficient, but that isn't bad news for silicon carbide semiconductor companies.
Shares of Aehr Test Systems (NASDAQ: AEHR), a supplier of semiconductor test and reliability qualification equipment, were soaring today after the company announced a new production order from a major semiconductor customer. Aehr said today that it received an order from a major silicon carbide semiconductor customer for its WaferPak products and that shipments of the order will begin in the current quarter. Gayn Erickson, CEO of Aehr, said in a press release that the product purchase will be "for use in volume production of devices to meet the incredible demand for silicon carbide power semiconductors used in power conversion applications for electric vehicles."