5 Stocks Surviving Market Slaughter

4. AXT Inc. (NASDAQ:AXTI)

AXT Inc. saw its share prices increase by 8.84 percent on Wednesday to finish at $85.29 apiece, as investors loaded portfolios in stocks riding the AI wave, thanks to strong optimism for the sector.

AXT Inc. (NASDAQ:AXTI) recently held its annual shareholders’ meeting last week to discuss and vote on corporate resolutions, including the hiking of authorized capital stock to 120 million shares from 70 million shares.

The resolution secured the approval of the shareholders and is effective upon filing with the Securities and Exchange Commission.

The amendment did not have any effect on the par value per share of AXT Inc.’s (NASDAQ:AXTI) common stock.

In other developments, AXT Inc. (NASDAQ:AXTI) is set to participate in the Northland Securities Virtual Growth Conference 2026 on June 23. Investors are expected to watch for early business cues and updates about its second-quarter earnings performance.

Last month, the company announced a huge improvement to its earnings performance for the first quarter of the year, with attributable net loss slashed by 81 percent to $1.62 million from $8.798 million in the same period last year. The drop was due to an 84 percent decrease in operating loss, at $1.585 million versus $10.275 million year-on-year. Revenues also surged by 39 percent to $26.9 million from $19.3 million year-on-year.