AXT Inc Shares Surge Over 15%, Marking 276% Year-to-Date Gain

Stock News04-09

AXT Inc (AXTI.US) rose sharply by more than 15% during early trading on Thursday, bringing its year-to-date surge to 276%, with the stock currently trading at $61.51. According to reports, the company is scheduled to release its first-quarter earnings after the market closes on April 30. AXT had previously provided optimistic guidance, anticipating quarter-over-quarter revenue growth driven by increased demand for indium phosphide from AI infrastructure. The company specializes in high-performance compound wafers such as GaAs and InP, which are used in semiconductor chips and optoelectronic devices, serving as critical alternatives when silicon substrates fall short of performance requirements.

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