The optics complex is ripping higher in Monday's session. AXT (NASDAQ:AXTI) is up 13.71% intraday, with Coherent (NYSE:COHR | COHR Price Prediction) climbing 8.12%, Lumentum (NASDAQ:LITE) adding 6.79%.
AXT's 399.3% YTD surge comes amid record InP revenues, AI data-center demand and long-term supply deals that could support its premium valuation.
Three second-derivative AI plays are in focus Friday morning. AXT (NASDAQ:AXTI) is trading higher alongside a broad rally in optics names, T1 Energy (NYSE:TE) is bouncing on the domestic solar policy trade, and Babcock & Wilcox Enterprises (NYSE:BW) is drawing attention around a fresh institutional disclosure.
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Morris S. Young CEO | XETRA Exchange | US00246W1036 ISIN |
| US Country | 1,541 Employees | - Last Dividend | - Last Split | 21 May 1998 IPO Date |
AXT, Inc., initially known as American Xtal Technology, Inc. before rebranding in July 2000, is a seasoned entity in the semiconductor substrate industry, having been founded in 1986. With its headquarters established in Fremont, California, AXT specializes in the design, development, manufacture, and distribution of both compound and single element semiconductor substrates. The company operates on a global scale, leveraging a direct sales force in strategic locations such as the United States, China, and Europe, and further extending its market reach through independent sales representatives and distributors in key tech hubs including Japan, Taiwan, Korea, and other international markets.