On May 20, AXT Inc fell 5.11% in regular trading, trading at $107.67/share, with trading volume of approximately $140 million, extending its multi-day pullback from recent highs.

The decline reflects continued profit-taking pressure following the stock's surge to an all-time high of $134 on May 13, driven by stronger-than-expected Q1 earnings featuring 38.7% year-over-year revenue growth and significantly narrowed losses, alongside robust AI optical communications demand expectations. Since hitting that peak, the stock has experienced consecutive trading sessions of over 5% declines, with cumulative retracement exceeding 25%. Although a brief oversold rebound occurred on May 19, selling pressure from investors locking in gains at elevated levels has not been fully exhausted.

Notably, the semiconductor equipment sector traded broadly higher today, with Lam Research up 3.68%, ASML up 3.0%, Applied Materials up 2.88%, and KLA-Tencor up 2.89%. AXT Inc's decline against this sector strength underscores that individual stock-level profit-taking remains the dominant pressure, rather than broader industry weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)