$AXT(AXTI.US) rose 16%, with the main theme being the demand for optical transmission in AI data centers using indium phosphide substrates — its subsidiary Tongmei signed a long-term indium phosphide contract with a Nanjing-based customer for 2027, locking in approximately $25.4 million, along with an 80% take-or-pay structure, and Northland also raised its price target to $125.
Combined with heavy short interest earlier, the short squeeze amplified the volatility. This stock has always been very volatile, with single-day swings of over ten percent being common; chasing highs requires mental preparation.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
