🔴 AXT is trading 4.4% down in after-hours trading amid a broader semiconductor sell-off

AXT is trading 4.4% down at $58.88 in after-hours trading, following a broader semiconductor sell-off; no company-specific announcement explaining the move was identified.

• AXT closed October 14 at $61.59.
• SOXX fell more than 4% on October 14, with hotter-than-expected inflation, concerns about AI infrastructure spending, and competition from Chinese chipmakers cited as pressures.
• AXT also declined 4.70% in the October 14 regular session.