NASDAQ:AXTI

AXT (AXTI) stock slips premarket after a 44% two-day surge — export permits and Nvidia’s outlook in focus
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AXT (AXTI) stock slips premarket after a 44% two-day surge — export permits and Nvidia’s outlook in focus

AXT Inc shares fell 2.4% to $39.99 in premarket trading Thursday after a 44% rally over two days. The company, which makes indium phosphide substrates used in AI infrastructure, faces uncertainty over Chinese export permits. AXT trimmed its Q4 revenue outlook in January citing permit delays. Next quarterly results are due April 23.
February 26, 2026

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