On June 17, AXT Inc rose 5.12% in pre-market trading, trading at $97.47/share, with turnover of $1.6213 million.

On the news front, the stock had surged cumulatively over 25% on June 12 and 15, then pulled back approximately 6% on June 16 before rebounding again, with oversold recovery momentum continuing. Meanwhile, China has sustained tightening of export controls on indium phosphide and upstream high-purity indium, with rejection rates for export applications from US and Japanese companies exceeding 80%, resulting in severe global InP capacity shortages. AXT Inc, as the leading US-listed InP substrate manufacturer, benefits significantly from supply chain scarcity premiums.

Within the Semiconductor Equipment sector, the broader group showed strength in pre-market trading. Among individual stocks, ASML Holding up 4.61%, Applied Materials up 3.53%, Lam Research up 3.50%, KLA-Tencor up 3.44%, Teradyne up 2.90%. However, investors should note that CEO Morris S Young recently sold approximately 197,500 shares, and Director Jesse Chen has also filed a reduction plan, which may constrain further upside.

(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.)