AXT Inc. (AXTI) Skyrockets 50.9% on Tech Surge

AXT Inc. (NASDAQ:AXTI) is one of the 10 Stocks Making Huge Moves this Week.

AXT Inc. soared by 50.9 percent week-on-week, as investors continued to hunt for technology stocks while shifting away from sectors seen as more vulnerable to the ongoing tensions in the Middle East.

Month-to-date, AXT Inc. (NASDAQ:AXTI) has notably climbed by as much as 37 percent, even hitting an all-time high of $51.98 on Friday.

The rally can also be attributed to strong investor confidence after the company posted a highly optimistic outlook for the first quarter of the year amid expected progress on its export permits.

“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 earlier.

“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,” he noted.

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.

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