Why Is AXT (AXTI) Stock Price Up 13.64% Today, August 3? Earnings Repricing Extends AI-Wafer Rally

AXT extended a post-earnings repricing, rising on continued digestion of record Q2 results and management's commentary linking growth to AI data-center optical-connectivity demand (not a new same-day catalyst). The move highlights renewed risk appetite toward specialized semiconductor materials tied to indium phosphide, but the sharp intraday reversal underscores elevated volatility and the potential for two-way trading as investors test the durability of the earnings-driven re-rating.