AXT shares surged after record Q2 results, driven by AI data center demand, strong InP revenue, and improved profitability.

Here's a look inside AXT's Q2 earnings report.

AXT shares surged after record Q2 results, driven by AI data center demand, strong InP revenue, and improved profitability.

U.S. stocks mixed, Nasdaq up 50 pts. AXT Inc (NASDAQ: AXTI) rose 25.3% on strong Q2 results. Other gainers include NWL, FET, IESC, SPXC, AMZN, SPSC, DLB, GH, DXCM, and MPWR.

Leveraged ETFs tied to AXT surged as much as 49% Friday after the semiconductor supplier's AI-driven earnings beat and bullish guidance sent shares soaring.