5 Stocks Investors Are Walking Away From

4. AXT Inc. (NASDAQ:AXTI)

AXT Inc. fell for a second day on Tuesday, losing 11.80 percent to end at $50.46 apiece, as investor sentiment was dampened by a broader market pessimism triggered by the escalating tensions between the US and Iran.

Additionally, investors were repositioning portfolios ahead of the results of its second quarter earnings performance after market close on July 30, 2026.

The company will host a conference call to elaborate on the results.

Last week, AXT Inc. (NASDAQ:AXTI) announced that its subsidiary, Beijing Tongmei Xtal Technology Co. Ltd., has withdrawn its plan to list publicly on the Shanghai Stock Exchange and instead, conduct an initial public offering on the Hong Kong Stock Exchange.

AXT Inc. (NASDAQ:AXTI) believed that its subsidiary’s Hong Kong listing would “emphasize its updated business plan focusing on the development of its indium phosphide business to address the growing demand for InP substrates used in high-speed optical data transmission and artificial intelligence data center applications.

“Given the increase in demand for its InP wafer substrates used for high-speed optical data transmission in data centers employing artificial intelligence, the company believes that the Hong Kong Stock Exchange is an attractive market to list Tongmei’s shares permitting a broader potential base of institutional and retail investors in its anticipated IPO,” AXT Inc. (NASDAQ:AXTI) said.