🟢 AXT is trading 5.7% up in pre-market with no fresh company-specific catalyst identified

AXT is trading 5.7% up now at $87.00, as shares rebound following the recent indium phosphide shortage narrative.

• Shares previously fell 14.23% to $82.31 on August 18.
• The narrative had lifted shares on expectations of higher wafer prices and stronger AI-optics demand; no new company announcement or earnings release was found for August 19.
• A market-wide boost appears insufficient to explain the move alone, with major indices up roughly 0.40%–0.47%.