AXT is one of the charts highlighted as a long in the weekend newsletter, alongside Applied Optoelectronics. x.com 

AXT is trying to break higher, with heavy August call buying seen yesterday. x.com 

AXT's permit-backed Q4 outlook weakens the near-term operating objection to the Sell case. Q3 revenue reached $73.4M at 56% GAAP gross margin; management guides to about $90M in Q4 from business permitted or not needing permits. InP contributed $54.3M and backlog exceeds $500M, though much spans years. The remaining test is whether 2027 capacity becomes qualified, permitted shipments at durable margins. x.com  x.com  x.com 

AXT looks good on the dip because its blowout quarter has de-risked the stock. x.com 

AXT holds a critical-materials monopoly hiding in plain sight, because AI needs fiber, fiber needs lasers and lasers need indium phosphide. The stock is volatile. x.com 

AXT's new public offering should push the stock down. x.com 

AXT could double if its inverse head-and-shoulders pattern completes. It sits in the semicap space that benefits from hyperscalers' new capex, and strong call flow today adds support. x.com 

AXT is among the high-growth companies likely to beat 5.2% bond yields: revenue rose 164% year on year and 77% sequentially, and it swung to a profit. As @BULLOFBRITAIN notes, the market is offering 100% growers at a 40% discount because investors want to lock in bond yields. x.com 

AXT is a good company, but its valuation is currently somewhat high. x.com 

AXT is a speculative add on the market's sharp drop, because indium phosphide wafer prices have reportedly risen a lot lately. x.com