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Friday, 13 November 2026RU UZ EN

CBU ratesUSD11 973.44▲ 9.17EUR13 282.14▼ 41.27RUB144.53▲ 0.04CNY1 795.58▲ 2.02KZT26.91▲ 0.03GBP15 891.15▼ 33.29As of 13.11.2026

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What Drove the 19.5% Surge in AXT Inc. (AXTI) Shares?

The company's revenue increased by 163% to $73.4 million

13 Nov, 18:05

AXT Inc.

Shares of AXT Inc., a manufacturer of semiconductor substrates, rose by 19.49% amid overall investor optimism and demand for stocks of companies linked to artificial intelligence.

Additional market support came from the results of CoreWeave, a data center operator that reported a 168% revenue increase to $3.66 billion, up from $1.36 billion a year earlier. This indicated sustained demand for AI infrastructure and bolstered AXT's growth prospects.

AXT also reported its third-quarter results. The company's revenue grew by 163% to $73.4 million, driven by exceptionally high customer demand for indium phosphide. AXT posted a net profit of $25.7 million compared to a net loss of $1.9 million a year earlier.

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