AXT is trading 7.8% down at $49.26 amid a broader semiconductor selloff and profit-taking following a sharp pullback from the prior session’s close of $53.42.
- The move aligns with a 3.94% drop in the SOXX ETF as investors engage in profit-taking across memory chip names.
- No company-specific catalyst was identified, suggesting the decline is linked to sector-wide volatility and post-rally profit-taking.