AXT is trading at $83.68 (-12.81%) as rising bond yields pressure semiconductor stocks.

  • Rising bond yields are compressing growth-stock valuations across semiconductors.
  • Broader risk-off sentiment is intensifying amid renewed U.S.-Iran tensions and higher oil prices.
  • SOXX is down 2.78%, while the Nasdaq Composite is down 1.49%; AXT reversed sharply from its 17.55% gain to $95.97 on August 17.