AXT Shares Surge 13.5% - Time to Buy?

Semiconductor company AXT sees stock price jump as analysts weigh in on future prospects.

Published on Mar. 9, 2026

Got story updates? Submit your updates here. ›

Shares of semiconductor materials company AXT Inc. (NASDAQ:AXTI) rose 13.5% in trading on Monday, reaching a high of $37.20 per share. The stock surge came amid mixed analyst ratings, with some firms upgrading their price targets while others maintained a hold recommendation. AXT specializes in producing wafers made of compound semiconductors like gallium arsenide and indium phosphide that are used in a variety of electronic and optoelectronic devices.

Why it matters

AXT's stock performance is closely watched as an indicator of demand for the specialized semiconductor materials it produces. The company's products are critical components in high-performance electronics, wireless infrastructure, and renewable energy applications. The stock's sharp rise suggests investors see potential for continued growth, though analyst views are mixed on the company's near-term outlook.

The details

AXT's stock price jumped 13.5% on Monday, closing at $36.74 per share. Trading volume was down 52% from the average daily volume, indicating a potential short-term spike in investor interest. The company's materials are used in a range of devices including data communications equipment, smartphones, and solar panels. Analysts have a mixed view on AXT, with some firms upgrading price targets while others maintain hold ratings on the stock.

  • AXT stock closed at $32.37 on the previous trading day.
  • Shares reached a high of $37.20 during Monday's trading session.

The players

AXT Inc.

A global supplier of compound and single-element semiconductor substrates, offering materials critical for high-performance electronic and optoelectronic devices.

B. Riley Financial

An investment firm that recently lifted its price target on AXT to $21 and maintained a neutral rating on the stock.

Wedbush

An investment research firm that raised its price target on AXT from $8.50 to $28 and issued an outperform rating.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.