Substack · Shawarma Capital
$AXTI, Part 1. The Crystal Under the Laser, a 165 Percent Quarter, and the Permit Office in Beijing That Actually Sets the Revenue
AXT grows the indium phosphide crystal behind every optical module in an AI data center. Revenue went $26.9M to $47.6M. But the revenue line is gated by Chinese export permits, not demand.
Desde publicación −6,9 % α −9,4 p. p. vs S&P 500 · USD