AXT is trading at $88.61, down 7.67%, as semiconductor stocks face pressure from rising yields.
- AXT reversed after rising 17.55% to $95.97 on August 17.
- SOXX is down 2.78%, while geopolitical tensions add to broader risk-off sentiment across technology shares.
- Planned leveraged AXT funds launched August 18 after elevated pre-launch trading activity; available coverage does not establish them as the direct cause of today’s decline.