In this context, many investment analysts had written off AEM share price.ĭespite the near-term headwinds, I am 200% convinced that AEM share price will rise from the ashes to hit another new high, possibly in 2023. ![]() Being a key supplier of back-end test equipment for Intel, AEM may be affected if Intel chooses to defer its test equipment orders from AEM. As the US chipmaker tried to revive its business, it announced cost reductions of US$3 billion in FY2023. While 3 rd quarter saw Intel recording US$1 billion profit, the result still paled in comparison to the US$6.8 billion profit recorded in Q3FY2021. Intel is struggling to turn around its business as it incurred loss of US$500 million in 2 nd quarter. Consequently, various analysts came out slashing their targets for AEM share price. The recent rout of AEM share price was attributed to the troubles faced by its key customer – Intel. In view of this, this counter is not for the faint-hearted. ![]() ![]() Conversely, when the tide goes against AEM share price, the counter can spiral out of control. In this blog, I have always maintained that on its day, AEM share price can be unbeatable. The recovery of AEM share price came on the back of a stellar 3 rd quarter financial result. What a swashbuckling return! From a low of $3.08 on 21 October, AEM share price stormed back in style to hit a high of $3.47 in recent days.
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