Leveraged ETFs tracking AXT Inc.
(NASDAQ:AXTI) dominated Friday's list of top-performing ETFs after the semiconductor materials company reported stronger-than-expected quarterly results and raised its outlook on booming AI infrastructure demand.
The Leverage Shares 2X Long AXTI Daily ETF (BATS:AXTL) gained 49%, making it one of the day's biggest ETF winners.
It was closely followed by the Tradr 2X Long AXTI Daily ETF (BATS:AXTX), which climbed more than 48%, and the T-REX 2X Long AXTI Daily Target ETF (BATS:AXTU), which advanced over 47%.
The gains mirrored a sharp rally in AXT shares after the company posted a blowout earnings report that underscored growing demand for optical semiconductor materials used in AI data centers.
