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XTIA News2 articles
AXTI Surges 9.7% to $61.64, Yet Valuation Hits 21x Sales
AXT Inc. (AXTI) shares surged 9.7% to $61.64, valuing the company at $4.04 billion, or 21.2x annualized Q2 sales. But 42.5% of net income came from interest, not operations.
AXTI Surges on Indium Phosphide Supply Constraints for AI Data Centers
AXTI surged 10.01% to $97.18 Friday and was indicated at $110.41 premarket Monday, driven by indium phosphide supply constraints for AI data centers. The stock now trades near or above analyst targets.