AXT is trading 9.4% up at $53.44 as traders extend a sharp two-day rebound tied to optimism around China’s new domestic AI optics standard.

  • The move is driven by renewed enthusiasm that the new standard could steer more AI-related optical substrate orders toward AXT’s business.
  • The stock's recovery follows a period of recent volatility and is being further amplified by a broader rally across the semiconductor sector.