Movement Alert｜AXT Inc Rises 8.58% in Regular Trading, Subsidiary STAR Market IPO Withdrawal Removes Uncertainty Amid Semiconductor Sector Rebound

Market Focus07-09

On July 9, AXT Inc rose 8.58% in regular trading, trading at $63.885/share, with turnover of $170 million. The rally was driven by multiple catalysts including a sector-wide rebound and company-specific positive developments.

On the news front, AXT disclosed an SEC filing on July 8 confirming that its subsidiary Tongmei formally withdrew its IPO application from the Shanghai Stock Exchange STAR Market, eliminating overhang uncertainty related to a potential spin-off listing. Concurrently, the semiconductor equipment sector saw broad-based strength, with KLA up 10.34%, Applied Materials up 9.07%, Lam Research up 9.0%, and Teradyne up 6.59%, providing systematic sector tailwinds.

Additionally, optical communications stocks rallied broadly as Meta announced up to $145 billion in AI infrastructure spending this year, boosting demand expectations for photonic materials. AXT further benefits from its previously announced three-year 6-inch indium phosphide wafer substrate supply agreement with Coherent, which included approximately $22.29 million in prepayments, reinforcing earnings visibility amid a global InP supply gap exceeding 70%.

(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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1190595005?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-09 22:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190595005","market":"us","top_or_hot":-1,"title":"Movement Alert｜AXT Inc Rises 8.58% in Regular Trading, Subsidiary STAR Market IPO Withdrawal Removes Uncertainty Amid Semiconductor Sector Rebound","media":"Market Focus","content":"<p><p>On July 9, AXT Inc rose 8.58% in regular trading, trading at $63.885/share, with turnover of $170 million. The rally was driven by multiple catalysts including a sector-wide rebound and company-specific positive developments.</p><p>On the news front, AXT disclosed an SEC filing on July 8 confirming that its subsidiary Tongmei formally withdrew its IPO application from the Shanghai Stock Exchange STAR Market, eliminating overhang uncertainty related to a potential spin-off listing. Concurrently, the semiconductor equipment sector saw broad-based strength, with KLA up 10.34%, Applied Materials up 9.07%, Lam Research up 9.0%, and Teradyne up 6.59%, providing systematic sector tailwinds.</p><p>Additionally, optical communications stocks rallied broadly as Meta announced up to $145 billion in AI infrastructure spending this year, boosting demand expectations for photonic materials. AXT further benefits from its previously announced three-year 6-inch indium phosphide wafer substrate supply agreement with Coherent, which included approximately $22.29 million in prepayments, reinforcing earnings visibility amid a global InP supply gap exceeding 70%.</p><p>(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.)</p></p>","source":null,"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>Movement Alert｜AXT Inc Rises 8.58% in Regular Trading, Subsidiary STAR Market IPO Withdrawal Removes Uncertainty Amid Semiconductor Sector Rebound</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\">\nMovement Alert｜AXT Inc Rises 8.58% in Regular Trading, Subsidiary STAR Market IPO Withdrawal Removes Uncertainty Amid Semiconductor Sector Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-09 22:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 9, AXT Inc rose 8.58% in regular trading, trading at $63.885/share, with turnover of $170 million. The rally was driven by multiple catalysts including a sector-wide rebound and company-specific positive developments.</p><p>On the news front, AXT disclosed an SEC filing on July 8 confirming that its subsidiary Tongmei formally withdrew its IPO application from the Shanghai Stock Exchange STAR Market, eliminating overhang uncertainty related to a potential spin-off listing. Concurrently, the semiconductor equipment sector saw broad-based strength, with KLA up 10.34%, Applied Materials up 9.07%, Lam Research up 9.0%, and Teradyne up 6.59%, providing systematic sector tailwinds.</p><p>Additionally, optical communications stocks rallied broadly as Meta announced up to $145 billion in AI infrastructure spending this year, boosting demand expectations for photonic materials. AXT further benefits from its previously announced three-year 6-inch indium phosphide wafer substrate supply agreement with Coherent, which included approximately $22.29 million in prepayments, reinforcing earnings visibility amid a global InP supply gap exceeding 70%.</p><p>(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.)</p></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":"1190595005","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190595005","pubTimestamp":1783606335,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 9, AXT Inc rose 8.58% in regular trading, trading at $63.885/share, with turnover of $170 million. The rally was driven by multiple catalysts including a sector-wide rebound and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AXTI":"AXT Inc"},"translate_title":"走势警报|AXT Inc 常规交易中上涨 8.58%，子公司科创板 IPO 撤回消除了半导体行业反弹的不确定性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXTI":1},"content_text":"On July 9, AXT Inc rose 8.58% in regular trading, trading at $63.885/share, with turnover of $170 million. The rally was driven by multiple catalysts including a sector-wide rebound and company-specific positive developments.On the news front, AXT disclosed an SEC filing on July 8 confirming that its subsidiary Tongmei formally withdrew its IPO application from the Shanghai Stock Exchange STAR Market, eliminating overhang uncertainty related to a potential spin-off listing. Concurrently, the semiconductor equipment sector saw broad-based strength, with KLA up 10.34%, Applied Materials up 9.07%, Lam Research up 9.0%, and Teradyne up 6.59%, providing systematic sector tailwinds.Additionally, optical communications stocks rallied broadly as Meta announced up to $145 billion in AI infrastructure spending this year, boosting demand expectations for photonic materials. AXT further benefits from its previously announced three-year 6-inch indium phosphide wafer substrate supply agreement with Coherent, which included approximately $22.29 million in prepayments, reinforcing earnings visibility amid a global InP supply gap exceeding 70%.(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.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","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":0,"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":"4.45.2","shortVersion":"4.45.2","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/1190595005","isCrawlerRequest":true}