🟢 AXT is trading 4.2% up in pre-market after Needham identified AXT as co-packaged optics beneficiary

AXT is trading 4.2% up in pre-market at $67 after Needham identified the company as a leading beneficiary of co-packaged optics for AI networking.

• Needham’s September 16, 2026 analyst note followed SEMICON Taiwan 2026 and highlighted AXT’s indium-phosphide substrate business.
• Nasdaq futures are up approximately 0.9%, supporting the broader pre-market technology-stock recovery.
• AXT gained 11.44% to $64.30 on September 16, indicating continued momentum rather than a new overnight announcement.