Movement Alert｜AXT Inc Falls 8.44% in Regular Trading, Semiconductor Equipment Sector Selloff Compounds Profit-Taking Pressure

Market Focus07-13 21:56

On July 13, AXT Inc fell 8.44% in regular trading, trading at approximately $51.57/share, with turnover of $66.67 million.

On the news front, the semiconductor equipment sector experienced broad-based selling pressure. Among sector peers, Lam Research fell 5.64%, Applied Materials fell 4.71%, Teradyne fell 4.4%, KLA-Tencor fell 4.35%, and ASML fell 2.96%, reflecting systematic sector weakness that dragged the stock lower.

Additionally, AXT had accumulated significant short-term gains driven by optical communication demand catalysts and its subsidiary Tongmei formally withdrawing its STAR Market IPO application on July 8. However, with Tongmei's specific plan to pursue a Hong Kong listing still unclear, profit-taking from earlier gains intensified the decline. The stock had previously surged on news of a master development and supply agreement with Coherent and strong InP wafer pricing dynamics tied to AI data center buildouts.

(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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