$AXT(AXTI.US) has now reached the legendary status of $69.69.Was expecting close to 10x returns in a year and half, not a few months…Everything from $Applied Optoelectronics(AAOI.US) to $SIVE are ridiculously outperforming. As for AXT valuations at $4B? Is it overvalued. Yes.Would hyperscalers pay $10B to secure their AI buildout? Yes. Lot of these bottlenecks can’t be valued with traditional metrics.Source: Serenity