AXT (AXTI) Posts 3,353.6% Return Amid Surge in AI Demand

AI Summary

AXT (AXTI) achieved a remarkable 3,353.6% return over the past year, attributed to soaring demand for indium phosphide wafers used in AI data centers. In Q4 2025, the company reported InP revenue of $8 million and a backlog exceeding $60 million. Despite a full-year revenue decline of 11.1% to $88.326 million due to tariffs and export delays, the stock outperformed competitors, such as Advanced Energy Industries, which gained 130.7%. This performance highlights AXT's critical role in the AI infrastructure expansion.