On May 28, AXT Inc rose 5.07% in pre-market trading, trading at $128.10/share, with trading volume of approximately $13 million. The rebound follows two consecutive trading sessions of over 5% declines on May 26 and May 27, during which the stock pulled back significantly from its recent all-time high after a single-day surge exceeding 16% on May 22.

On the news front, the company's Q1 earnings beat expectations with revenue growing 38.7% year-over-year and losses narrowing substantially. AI optical communications long-term demand expectations remain intact, with orders for indium phosphide (InP) substrates — the critical base material for high-speed 800G/1.6T optical modules — reportedly booked through 2027. Following the sharp profit-taking selloff, the stock appears to be attracting oversold rebound buying on unchanged fundamental support.

Within the Semiconductor Equipment sector, the overall performance is mixed. Among individual stocks, ASML Holding NV up 0.46%, Lam Research down 0.43%, Applied Materials down 0.31%, KLA-Tencor down 0.42%, Teradyne down 1.37%.

(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.)