AXT is trading at $52.21 (6.9% up), extending Monday’s rally driven by optimism around China’s new domestic AI optics standard and related near-packaged optics agreements.
- The move is fueled by expectations that China's new AI optics standards and near-packaged optics agreements will provide a direct boost to the company's growth.
- Sentiment is further bolstered by a broader rebound in semiconductor stocks as investors move to buy the recent dip in AI-linked names during pre-market trading.