AXTI soars another 33%! AI optical communication demand ignites indium phosphide market, industry expected to grow 4-6 times

Glonghui, June 15 ｜ Driven by a collective rise in US optical communication concept stocks, AXTI has seen a significant cumulative increase over the past two trading days, and is now soaring again by 33.4%, trading at $40.4. On the news front, strong demand from AI data centers for high-speed optical modules is driving continuous expansion of the indium phosphide (InP) substrate market, and the industry is expected to see 4-6 times growth over the next 3-5 years.