Published on 18 Jun 2024 on Insider Monkey · via Yahoo Finance
Did AXT, Inc. (AXTI) Soar in Q1?
We recently compiled a list of the 10 Small Publicly Traded Semiconductor Companies To Buy. In this article, we are going to take a look at where AXT, Inc. (NASDAQ:AXTI) stands against the other small publicly traded semiconductor stocks.
The semiconductor industry has become one of the most important in the world, akin to the key role that oil plays in the global economy. While making this argument would have been tricky in 2022, 2023 and the onset of the artificial intelligence boom makes it much easier to say so. This is because chip companies sit right at the heart of the AI revolution due to their ability to transform literal sand on a beach into pieces of silicon that aim to meet or surpass human intelligence.