Published on 19 Jul 2024 on Insider Monkey · via Yahoo Finance
AXT, Inc. (AXTI): Did This Semiconductor Penny Stock Get a Good Rating from...
We recently compiled a list of the 10 Best Semiconductor Penny Stocks To Buy. In this article, we are going to take a look at where AXT, Inc. (NASDAQ:AXTI) stands against the other semiconductor penny stocks.
Semiconductors have propelled advancements in communications, computers, health care, military systems, transportation, clean energy, and a wide range of other uses. The United States is still at the forefront of cutting-edge manufacturing, design, and research because it invented semiconductor technology. The Semiconductor Industry Association reported $526.8 billion in sales in 2023. Over 70% of the sales made by American semiconductor companies go to foreign clients. In 2023, the US exported $52.7 billion worth of semiconductors, continuing to have a steady trade surplus in this commodity.