semiconductor substrates

AXT Jumps 21% as AI Optical Demand Drives 39% Revenue Growth

October 27, 2026May 3, 2026 by Bruno M.

AXT Inc. (AXTI) surged 21% after Q1 2026 revenue rose 39% year-over-year to $26.9M, fueled by AI data-center demand for indium phosphide substrates.

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