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Stock impact report

Axt: Epic Rally Fuelled By Improved Outlook And AI-Enthusiasm - Hold [Seeking Alpha]

AXT Inc (AXTI) 
Last axt inc earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: axt.com
Company Research Source: Seeking Alpha
In recent quarters, sales have been impacted by the requirement to obtain Chinese export permits for indium phosphide and gallium arsenide substrates. However, the company's outlook has improved after AXT managed to obtain eagerly-awaited export licenses last month. With the company's indium phosphide substrates experiencing increased usage in AI-related applications, the stock is likely to remain on the watchlist of the momentum crowd for the time being. While I wouldn't chase the shares after the recent rally, traders should add AXT to their watchlist ahead of the company's Q3 earnings release in late October. Reiterating "Hold" rating. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » cookelma/iStock via Getty Images Note: I have covered AXT, Inc. or "AXT" (NASDAQ: AXTI ) previously, so investors should view this as an update to my earlier articles on the company. It's b Show less Read more
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