10 Stocks Investors Have Ditched

7. AXT Inc. (NASDAQ:AXTI)

AXT Inc. snapped a two-day rally on Thursday, shedding 9.40 percent to finish at $37.12 apiece, as investors resorted to profit-taking after soaring to a 25-year high in the previous trading day.

It can be recalled that the stock soared to a record high of $41.19 on Wednesday, a level it last touched in September 2000, as investors took heart from a strong earnings performance last year, while cheering progress on its export permits that are expected to bolster revenue performance in the first quarter of the year.

“While we are disappointed that we didn’t receive as many export permits in Q4 as we had hoped, we are pleased to report that we have received some permits to date in 2026 and believe we are in a strong position to achieve sequential revenue growth in Q1, driven primarily by growth in indium phosphide for the AI infrastructure build-out,” AXT Inc. (NASDAQ:AXTI) CEO Morris Young said.

“As we enter 2026 as a foundational supplier to this multi-year growth cycle, we are notably broadening our customer base to include Tier-1 companies to which we have previously had limited exposure. We are also on track to double our indium phosphide manufacturing capacity this year and have a strong balance sheet to support our continued business expansion.”

Last year, AXT Inc. (NASDAQ:AXTI) widened its attributable net loss by 83 percent to $21.26 million from $11.6 million in 2024. Revenues also declined by 11 percent to $88 million from $99 million year-on-year.

In the fourth quarter alone, attributable net loss narrowed by 31 percent to $3.5 million from $5.09 million, while revenues dropped by 8 percent to $23 million from $25 million.