On October 7, AXT Inc fell 5.71% in regular trading, trading at $82.13/share, with Turnover of $69.07 million.
The decline follows sustained profit-taking pressure in the optical communications and semiconductor materials sector, which had previously rallied strongly. On September 29, AXT Inc gained 7.95% amid a broad sector surge, with institutions citing optical chips as the highest-barrier and core domestic-substitution link in the optical communications chain. High-end optical chip breakthroughs are expected to open a new cycle of volume-and-price growth, but near-term momentum has cooled as investors lock in gains.
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