AXTI is trading 5.3% up at $127.42 following bullish takeaways from the B. Riley Securities Institutional Investor Conference, where the company was framed as an undercovered AI infrastructure and GPU supply-chain play.
- The move extends a sharp rebound this week as traders react to renewed AI-related interest and the company’s exposure to optical-network demand.
- Management highlighted significant backlog growth, signaling strong momentum within the AI hardware ecosystem.