Industry Newsindium phosphideai infrastructureaxt incsemiconductors
AXT Inc. Surges To New All-Time High
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AXT Inc. shares surged to a record intraday high on Thursday, jumping 19.13% to close at $58.09 amid quarter-end positioning. The company said earlier it expects sequential revenue growth in Q1 2026, driven by rising demand for indium phosphide for AI infrastructure and progress on previously stalled export permits. Management also plans to double indium phosphide manufacturing capacity this year.
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