AI TRENDS | AXT Shares Surge Over 5,100% in 12 Months as Bitcoin and Ethereum Fall Nearly 40%

AXT Inc. rose more than 5,100% over the past 12 months, while Bitcoin and Ethereum fell by nearly 40% over the same period. According to NS3.AI, the AI-linked semiconductor company reported Q1 2026 revenue of $26.9 million and said its backlog reached a record level above $100 million. The update highlights a sharp divergence between AXT’s stock performance and the recent returns of major cryptocurrencies, alongside company-reported growth indicators including quarterly revenue and backlog.