🟢 AXTI is trading 4.57% up today on a supply deal with Coherent and bullish sector momentum

AXTI is trading 4.57% up at $59.21 in pre-market following a volatile late-June selloff and renewed investor focus on key company-specific catalysts.

• The company recently secured a three-year supply agreement with Coherent, supported by a $22.3 million capacity expansion project.
• Broader semiconductor sentiment remains supportive for chip names, with the Nasdaq rising 1.19% in pre-market trading.