On June 17, AXT Inc rose 5.13% in regular trading, trading at approximately $98.15 per share, with turnover of $181 million.

On the news front, China continues to tighten export controls on indium phosphide (InP) and upstream high-purity indium, with rejection rates exceeding 80% for export applications from U.S. and Japanese companies. This has created a supply-demand gap of over 70% in global InP capacity. As a leading InP substrate supplier listed on U.S. exchanges, AXT Inc is positioned to benefit from scarcity premiums in the supply chain. Additionally, the semiconductor equipment sector rallied broadly, with Applied Materials up 8.74%, Lam Research up 6.12%, ASML up 5.79%, Teradyne up 5.6%, and KLA-Tencor up 5.05%, providing strong sector-level support.

However, investors should note that CEO Morris S. Young recently sold approximately 197,500 shares and director Jesse Chen has also filed a reduction plan, which may cap near-term upside potential.

(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.)