On September 29, AXT Inc rose 6.2% in regular trading, trading at $77.98/share, with turnover of approximately $77.83 million, as the stock rebounded sharply from the prior session's 8.09% pullback.

On the news front, the latest industry research indicates AXT plans to raise indium phosphide (InP) substrate prices by another 10% in Q4, marking the largest single price increase in the company's history and the fourth consecutive quarterly hike. Demand visibility has been further reinforced by major customer commitments: Lumentum has paid a $43.5 million deposit to secure AXT's InP capacity through 2031, while Coherent has prepaid $22.3 million to lock in 6-inch substrate supply. The industry-wide InP supply-demand gap has reached millions of wafers, with order backlogs extending through 2028.

Additionally, the expected delay of co-packaged optics (CPO) large-scale deployment to 2029 is set to drive a final major expansion cycle for pluggable optical modules, further underpinning sustained InP substrate demand. Within the Semiconductor Equipment sector, the broader sector strengthened, with Applied Materials up 4.06%, KLA Corporation up 3.04%, Lam Research up 2.72%, Teradyne up 2.53%, and ASML Holding up 1.80%.

(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.)