On June 2, AXT Inc rose 6.27% in regular trading, trading at $118.46/share, with trading volume of approximately $166 million, staging a notable rebound following consecutive sessions of sharp declines from its recent historical high.

On the news front, the semiconductor equipment sector rallied collectively, with Lam Research up 3.33%, Applied Materials up 3.01%, and ASML up 2.65%, providing broad-based support for an oversold bounce. AXT Inc had previously dropped over 8% on June 1 and declined multiple sessions after surging more than 16% on May 22 following a first-quarter earnings beat featuring 38.7% year-over-year revenue growth and significantly narrowed losses driven by strong AI optical communications demand.

However, director Jesse Chen recently filed a Form 144 indicating plans to sell approximately 109,526 shares valued at roughly $11.59 million, which may cap near-term upside. Market concerns regarding silicon photonics technology potentially weakening long-term demand for the company's indium phosphide substrates and China's indium export controls remain unresolved overhangs.

(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.)