U.S. Semiconductor Equipment Stocks Surge, Aehr Test Systems Up 13%; Citibank Raises Price Targets

According to Odaily, on June 17, the U.S. semiconductor equipment sector rallied strongly, with Aehr Test Systems surging over 13%, Applied Materials rising over 8%, ASML and Lam Research gaining over 5%, all reaching record highs, according to MSX.COM data.

Citibank raised price targets for Applied Materials and Lam Research, expressing strong confidence in NAND equipment demand. Separately, optical communications stocks climbed across the board, with Credo Technology up over 6%, AXT Inc up over 5%, Astera Labs and Marvell Technology up over 4%, and Coherent and Ciena gaining over 2%.