On July 30, AXT Inc rose 8.2% in pre-market trading, trading at $40.40/share, with turnover of $4.35 million.

On the news front, the semiconductor equipment sector rallied broadly, with Lam Research up 9.89%, Applied Materials up 8.15%, and KLA up 5.38%, boosting overall market sentiment. AXT Inc is scheduled to report second-quarter earnings after market close today, with consensus expectations calling for revenue of approximately $34.09 million, representing 72.36% year-over-year growth, and adjusted EPS of $0.07.

The stock had previously declined over 20% across two consecutive sessions, pressured by B. Riley slashing its price target from $73 to $52 while maintaining a Neutral rating, combined with a sharp selloff in the optical communications sector triggered by disappointing guidance from Corning. The current pre-market rebound reflects both sector-wide recovery momentum and anticipation of strong earnings growth.

(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.)