AIYahoo Financeabout 6 hours ago

AXT Stock Surges 5,100% as Crypto Drops 40%

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AXT Inc. surged more than 5,100% over 12 months while Bitcoin and Ethereum lost nearly 40%. The California semiconductor company manufactures Indium Phosphide substrates critical for AI data center interconnects. AXT controls roughly 40% of global Indium Phosphide supply. The stock rose from $1.74 in June 2025 to $89 by June 2026.

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