Stock Track | AXT Inc Soars 5.31% in Pre-Market on Long-Term Supply Agreement and AI Optics Demand Amid InP Shortage

Stock Track06-18

AXT Inc's stock surged 5.31% in pre-market trading on Thursday, reflecting strong investor optimism driven by recent corporate developments and favorable industry dynamics.

The company's subsidiary, Beijing Tongmei Xtal Technology, recently entered into a significant long-term supply agreement with Nanjing Casela Technologies. Under this agreement, Casela committed to purchasing indium phosphide wafer substrates worth approximately 173 million Chinese renminbi from January 2024 through December 2027, providing AXT with a stable and substantial revenue stream for the coming years.

Simultaneously, the company benefits from a persistent global shortage of indium phosphide, exacerbated by stringent Chinese export controls that have reportedly led to rejection rates exceeding 80% for export applications from US and Japanese companies. As a leading US-listed producer of InP substrates, AXT stands to gain from the resulting supply chain scarcity premium. Additionally, growing demand for AI infrastructure and higher-speed optical transceivers in cloud applications continues to drive interest in AXT's specialized substrate materials.

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.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1181285977?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-18 17:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1181285977","market":"hk","top_or_hot":-1,"title":"Stock Track | AXT Inc Soars 5.31% in Pre-Market on Long-Term Supply Agreement and AI Optics Demand Amid InP Shortage","media":"Stock Track","content":"<p>AXT Inc's stock surged 5.31% in pre-market trading on Thursday, reflecting strong investor optimism driven by recent corporate developments and favorable industry dynamics.</p><p>The company's subsidiary, Beijing Tongmei Xtal Technology, recently entered into a significant long-term supply agreement with Nanjing Casela Technologies. Under this agreement, Casela committed to purchasing indium phosphide wafer substrates worth approximately 173 million Chinese renminbi from January 2024 through December 2027, providing AXT with a stable and substantial revenue stream for the coming years.</p><p>Simultaneously, the company benefits from a persistent global shortage of indium phosphide, exacerbated by stringent Chinese export controls that have reportedly led to rejection rates exceeding 80% for export applications from US and Japanese companies. As a leading US-listed producer of InP substrates, AXT stands to gain from the resulting supply chain scarcity premium. Additionally, growing demand for AI infrastructure and higher-speed optical transceivers in cloud applications continues to drive interest in AXT's specialized substrate materials.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | AXT Inc Soars 5.31% in Pre-Market on Long-Term Supply Agreement and AI Optics Demand Amid InP Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | AXT Inc Soars 5.31% in Pre-Market on Long-Term Supply Agreement and AI Optics Demand Amid InP Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-06-18 17:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>AXT Inc's stock surged 5.31% in pre-market trading on Thursday, reflecting strong investor optimism driven by recent corporate developments and favorable industry dynamics.</p><p>The company's subsidiary, Beijing Tongmei Xtal Technology, recently entered into a significant long-term supply agreement with Nanjing Casela Technologies. Under this agreement, Casela committed to purchasing indium phosphide wafer substrates worth approximately 173 million Chinese renminbi from January 2024 through December 2027, providing AXT with a stable and substantial revenue stream for the coming years.</p><p>Simultaneously, the company benefits from a persistent global shortage of indium phosphide, exacerbated by stringent Chinese export controls that have reportedly led to rejection rates exceeding 80% for export applications from US and Japanese companies. As a leading US-listed producer of InP substrates, AXT stands to gain from the resulting supply chain scarcity premium. Additionally, growing demand for AI infrastructure and higher-speed optical transceivers in cloud applications continues to drive interest in AXT's specialized substrate materials.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AXTI","symbol_name":"AXT Inc","start_time":0,"source_url":"","article_id":"1181285977","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1181285977","pubTimestamp":1781776627,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"AXT Inc's stock surged 5.31% in pre-market trading on Thursday, reflecting strong investor optimism driven by recent corporate developments and favorable industry dynamics.The company's subsidiary,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AXTI":"AXT Inc"},"translate_title":"个股追踪|AXT Inc盘前大涨5.31%，因长期供应协议和InP短缺下的AI光学需求","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXTI":1},"content_text":"AXT Inc's stock surged 5.31% in pre-market trading on Thursday, reflecting strong investor optimism driven by recent corporate developments and favorable industry dynamics.The company's subsidiary, Beijing Tongmei Xtal Technology, recently entered into a significant long-term supply agreement with Nanjing Casela Technologies. Under this agreement, Casela committed to purchasing indium phosphide wafer substrates worth approximately 173 million Chinese renminbi from January 2024 through December 2027, providing AXT with a stable and substantial revenue stream for the coming years.Simultaneously, the company benefits from a persistent global shortage of indium phosphide, exacerbated by stringent Chinese export controls that have reportedly led to rejection rates exceeding 80% for export applications from US and Japanese companies. As a leading US-listed producer of InP substrates, AXT stands to gain from the resulting supply chain scarcity premium. Additionally, growing demand for AI infrastructure and higher-speed optical transceivers in cloud applications continues to drive interest in AXT's specialized substrate materials.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1181285977","isCrawlerRequest":true}