AXT jumps after Needham names it co-packaged optics beneficiary
AXT Inc. (AXTI) rose 10.13% intraday after Needham named it one of five semiconductor beneficiaries of the co-packaged optics ramp, following a five-day visit to SEMICON Taiwan 2026.
AXT Inc. 13% intraday after Needham named it one of five semiconductor beneficiaries of the co-packaged optics ramp, following a five-day visit to SEMICON Taiwan 2026. Needham said the firm sees co-packaged optics as the single most important technology transition for solving AI's networking bottlenecks.