Dow Up, AXT Inc Up

GRAND RAPIDS, MI. - The three major indices rose on November 11, 2026.

The NASDAQ rose 400.31 points.

The DOW rose 254.60 points.

The S&P 500 rose 98.45 points.

This movement accompanied a broader rally in the technology sector, where the Technology Select Sector SPDR Fund gained nearly four percent, and other semiconductor stocks like Advanced Analogic Industries and Coherent Corporation secured substantial gains of 15 percent and over 11 percent, respectively.

All this as AXT Inc. (AXTI) shares rose $7.66 to end the session at $46.97 per share. On October 29, 2026, AXT Inc. reported its third-quarter non-GAAP earnings per share of $0.41 and revenue of $73.41 million, surpassing consensus estimates of $0.31 earnings per share and $66 million in revenue.

AXT Inc. manufactures compound semiconductor substrates, which serve as essential components for high-performance electronic devices across optical communications and wireless industries. The company maintains a market capitalization of approximately $3.17 billion. Metrics indicate a trailing price-to-earnings ratio of 106.43, exceeding its five-year median price-to-earnings of 18.7. Insiders sold $76.2 million in shares over the past 12 months, with no reported insider purchases.