🟢 AXT is trading 10.34% up on Wedbush’s potential Q3 revenue floor

AXT is trading at $57.47, up 10.34%, as Wedbush says its roughly $66 million Q3 revenue outlook may be a floor.

• Wedbush cites supportive demand and rising indium phosphide pricing, and sees potential to beat estimates ahead of the October 29 report.
• The analyst cautions that capacity and pricing could determine the size of any beat.
• Semiconductor-sector strength may also support the move; SOXX is up 2.91%.