AXT Sees Highest Quarterly Indium Phosphide Revenue Ever
AXT shares surged after record Q2 results, driven by AI data center demand, strong InP revenue, and improved profitability.
AXT sold more of a special material called indium phosphide than ever before, mostly because AI companies need it for their computers. When a company breaks its own sales records and makes more profit, that's a sign its products are really wanted right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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