AXT is trading at $73.38 (6.9% up) in pre-market, extending a multi-day rally after reporting strong Q2 earnings on July 30, 2026. - Management declared the quarter an "inflection point" due to record demand for indium phosphide, crucial for AI infrastructure. - The company also issued strong Q3 revenue guidance of approximately $66 million, representing a sequential increase from Q2. - The upward momentum is reinforced by a broad rebound across the semiconductor sector.