AXT, Inc.: Downgrading On Limited Visibility And Early Cracks In The AI Story

Just_Super/iStock via Getty Images Note: I have covered AXT, Inc. or "AXT" (NASDAQ:AXTI) previously, so investors should view this as an update to my earlier articles on the company. Last week, semiconductor substrate provider AXT, Inc. reported better-than-expected Q2/2024 results, with both revenues and profitability coming in ahead of consensus estimates:   Company Press Releases While the press release did not include a cash flow statement, based on sequential changes in the company's key balance sh ...