AXT shares jump 10.00% intraday as AI/data center optical module demand and InP capacity expansion boost growth outlook.
ByAinvest
Friday, Mar 27, 2026 9:59 am ET1min read
AXTI--
AXT surged 10.00% intraday as market enthusiasm for AI/data center photonic module supply chains persisted, with capital flowing into high-speed connectivity concepts centered on indium phosphide (InP) substrates. The company's management revealed progress on export licenses, plans to double InP production capacity, and efforts to expand its customer base, reinforcing growth expectations.
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