AXT Rises 10% After Being Named Co-Packaged Optics Winner
AXT Inc. (AXTI) rose 10.13% after Needham named it a semiconductor beneficiary of co-packaged optics. The firm sees CPO as crucial for AI networking. AXT reported Q2 revenue of $47.6M, up 165% YoY, with a 45% gross margin. Needham upgraded AXTI to Buy with a $90 target, and Northland raised its target to $125.








