On July 16, AXT Inc fell 8.59% in regular trading, trading at $47.745/share, with turnover of $68.57 million.

The semiconductor equipment sector continued to weaken broadly, with Teradyne down 4.97%, Lam Research down 3.41%, KLA-Tencor down 2.11%, Applied Materials down 1.71%, and ASML down 0.65%, exerting systematic selling pressure on the stock.

Additionally, AXT had previously accumulated significant gains driven by optical communication catalysts, including a Master Development and Supply Agreement signed with Coherent effective June 25, and a long-term indium phosphide wafer supply contract worth RMB 173 million between its subsidiary and Nanjing Casela Technologies. With the stock experiencing sharp volatility in recent sessions, short-term profit-taking continued to amplify the decline.

(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.)