AXT Inc. (AXTI) Hits New 24-Year High Ahead of Business Updates

We precocious published Small But Savage: 10 Stocks Delivering Outsized Gains. AXT Inc. (NASDAQ:AXTI) is 1 of the champion performers connected Tuesday.

AXT saw its stock prices leap to a caller 24-year precocious connected Tuesday, arsenic investors repositioned portfolios up of expected concern updates adjacent week.

At intra-day trading, the institution soared to a grounds precocious of $15.06 earlier trimming a fewer cents to extremity the time conscionable up by 17.70 percent astatine $14.96 apiece.

In a statement, AXT Inc. (NASDAQ:AXTI) said that it would enactment successful the Northland Securities Growth Conference connected Tuesday, December 16, wherever investors volition beryllium looking retired for updates astir its concern and cues connected its maturation outlook for this twelvemonth and the next.

AXT Inc. (NASDAQ:AXTI) is simply a worldly subject institution that develops and manufactures high-performance compound and single-element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs), and germanium (Ge).

In the 3rd 4th of the year, it narrowed its attributable nett nonaccomplishment by 35 percent to $1.9 cardinal from $2.9 cardinal successful the aforesaid play past year.

Revenues jumped by 18.2 percent to $27.9 cardinal from $23.6 cardinal year-on-year connected the backmost of a beardown uptick successful indium phosphide request from information halfway applications.

Indium phosphide revenues unsocial soared by much than 250 percent connected a quarter-on-quarter basis, reaching a three-year high.

“With strong, ongoing marketplace trends fueling the information halfway upgrade cycle, we judge we person a tremendous accidental successful 2026 to thrust meaningful maturation successful our concern and a instrumentality to profitability,” said AXT Inc. (NASDAQ:AXTI) CEO Morris Young.

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