🔴 AXTI is trading 7.5% down today as traders lock in profits after AI-driven surge

AXTI is trading 7.5% down today at $107.00 as traders continue to lock in profits following last week’s AI data center–driven surge.

• The stock spiked more than 30% between May 21–22 following upbeat Q1 2026 results and an investor conference presentation on AI data center opportunities.
• Shares have now declined for three straight sessions, suggesting a momentum unwind rather than a reaction to fresh negative company news.