Is AXT, Inc. (AXTI) A Good Stock To Buy Now?

Is AXTI a good stock to buy? We came across a bullish thesis on AXT, Inc. on Studio Innovation’s Substack by Studio. In this article, we will summarize the bulls’ thesis on AXTI. AXT, Inc.'s share was trading at $103.16 as of May 29^th. AXTI’s forward P/E was 333.33 according to Yahoo Finance.

[caption id="attachment_1620054" align="aligncenter" width="768"] Photo by JESHOOTS.COM on Unsplash[/caption]

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. AXTI is emerging as one of the strongest beneficiaries of the...