On August 4, AXT Inc fell 9.65% in regular trading, trading at $64.82/share with turnover of $415 million. Despite the broader semiconductor equipment sector rallying — with Lam Research up 5.27%, Teradyne up 6.53%, and Applied Materials up 4.28% — AXT experienced sharp profit-taking following its 42%+ surge on July 31 after Q2 earnings massively beat expectations.

The stock had recovered 8.05% in pre-market trading before reversing lower. Options market activity revealed a $5.6 million put-selling combination targeting the $45 strike, reflecting cautious sentiment and range-bound expectations rather than further upside conviction. The company reported Q2 revenue of $47.6 million versus $34.1 million expected, and adjusted EPS of $0.19 versus $0.07 expected, with record indium phosphide substrate revenue driven by AI data center demand. However, the stock's rapid appreciation has triggered significant two-way volatility as short-term traders lock in gains, with the stock already down 9.13% on August 3 before the brief pre-market recovery.

(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.)