Home Top Movers Why Is AXTI Stock Growing Before The Market Opens?

Why Is AXTI Stock Growing Before The Market Opens?

The stock price for AXT Inc. (NASDAQ: AXTI) has been increasing by 5.08% in premarket session today at $12.00. Last trading session, AXTI stock finished -0.70% lower at $11.42. The AXTI stock has gained 7.94% in the last five days; however, its price has risen 6.53% in the last month. AXTI’s stock price soared on account of news of an order from a major customer.

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What was the order for?

Material science company AXT has been developing and manufacturing high-performance compound and single element semiconductor substrate wafers made from indium phosphide, gallium arsenide, and germanium. The AXTI substrate wafer is typically used when a conventional silicon substrate wafer is not adequate for a semiconductor or optoelectronic device. In terms of end markets, we are talking about the connectivity of 5G infrastructures, passive optic networks, lighting LEDs, lasers, sensors, and power amplifiers for wireless devices.


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AXTI announced yesterday that it has shipped to a major customer its first 8-inch diameter gallium arsenide (GaAs) substrate. The 8-inch GaAs substrates, which were silicon doped, n-type substrates, had low etch pit density (EPD) and low levels of slip lines.

AXTI’s Chief Executive Officer, Morris Young said:

AXTI going forward:

The development of high-volume applications such as VCSELs for 3D sensors, LiDAR, micro LEDs, and displays has provided an opportunity for AXT Inc (AXTI) to attract a number of customers. If these applications catch on, AXTI predicts a broadening of the 8-inch GaAs wafer market.

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