AXT is trading 9.5% down now at $63.99 after a broad optical-communications and semiconductor selloff on August 24, 2026.
- Trading at $63.99 (-9.53%).
- Applied Optoelectronics, Coherent, Lumentum, and Credo also declined in August 24 pre-market trading, indicating sector-wide pressure.
- Recent indium-phosphide shortage speculation drove substantial earlier gains, increasing volatility and profit-taking risk; no clear new company-specific catalyst was identified.