This Obscure AI Stock Is Up by Almost 6,000% Over the Past Year. Can It Go Higher?
While artificial intelligence (AI) stocks have delivered explosive returns in recent years, none have kept pace with AXT (NASDAQ: AXTI) over the past year. The materials science company’s stock is up roughly 6,000% over the past year. This is largely because the wafer substrates it produces are vital for the AI boom. Naturally, some investors…