Movement Alert｜AXT Inc Rises 10.33% in Regular Trading, Semiconductor Sector Rebound Combined With InP Supply Agreement Catalyst

Market Focus07-08

On July 8, AXT Inc rose 10.33% in regular trading, trading at $63.87/share, with turnover of $128 million. The stock had earlier declined 8.47% amid a sector-wide selloff in semiconductor equipment stocks before swiftly recovering as the sector stabilized and rebounded.

On the news front, AXT's subsidiary Beijing Tongmei previously signed a three-year 6-inch indium phosphide wafer substrate master development and supply agreement with Coherent, an NVIDIA CPO supply partner, effective June 25. Coherent prepaid approximately $22.29 million under the agreement. Additionally, the Shanghai Stock Exchange accepted the withdrawal application of Tongmei's IPO on the same day, as disclosed in an SEC filing.

The global InP substrate supply-demand gap currently exceeds 70% with lead times extending beyond 24 weeks. The long-term agreement locks in critical upstream material supply, while the substantial prepayment improves cash flow visibility. Within the Semiconductor Equipment sector, Applied Materials rose 3.06%, Lam Research gained 2.65%, KLA-Tencor added 1.38%, Teradyne climbed 1.2%, and ASML rose 0.92%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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