As of 24 May 2026, AEM Holdings Limited (SGX: AWX) is up a staggering 450% year to date, with a 52-week range between S$1.19 and S$10.68 per share. 

This rally is due to strong AI demand, alongside the increased need for semiconductor testing solutions.

But is it too late for you to buy its shares now?

In this article, we find out if the rally is justified by improved fundamentals or whether the stock has outpaced its underlying fundamentals. 

Why AEM’s Share Price Is Rising Again

The semiconductor industry is showing signs of a recovery.

In the latest earnings reports, bellwethers such as Texas Instruments (NASDAQ: TXN) and Intel Corporation (NASDAQ: INTC) issued optimistic guidance on future chip…