AXTI is trading 6.0% up now at $112.26 as investors refocus on its AI data center exposure following a sharp technical pullback.
- Record demand for indium phosphide tied to AI and data center upgrades, a Q1 earnings beat, and raised Q2 guidance continue to support the bullish case.
- Analyst price-target hikes and the launch of a new 2x long AXTI ETF are boosting visibility and trading interest despite broader market weakness.