US Stock Market Move | AXT Inc (AXTI.US) surged over 15%, with a total increase of 276% this year.

On Thursday, AXT Inc (AXTI.US) surged more than 15% in early trading, with a cumulative increase of 276% since the beginning of the year, now trading at $61.51. According to reports, AXT will release its first-quarter financial report after the market closes on April 30. The company had previously provided optimistic guidance, expecting revenue growth compared to the previous quarter due to increased demand for indium phosphide in AI infrastructure. The company's main business is high-performance compound wafers such as GaAs and InP, used in semiconductor chips and optoelectronic devices as a key alternative when silicon substrates cannot meet performance requirements.