AXTI could break $74 and reach $95-$100 quickly if AI sector momentum returns.

And you have another stock here, frankly I don’t think I’ve talked about it before, which you’re also looking at in the optics sector. We have AXT stock here, and its symbol is AXTI.

What is the catalyst here for AXT stock and what levels are you watching?

So , we looked at the recent crackdown in the sector, and we began to see signs of cohesion. Looking back over the year, this stock was trading in single digits as high as $143.

They may have gone a little over the basics in their estimates. They were certainly a strong name in generating momentum. But they proved their worth through profits. The stock jumped following their latest earnings report.

They have retreated to test the 200-day simple moving average on the daily chart. This is a very important metric for growth stocks. Not only did they maintain that level, but they tested it twice and have since begun to move away from it .

So, this is similar to how I view MRVL as a premium option. This is where I like their return now above these major technical levels. I believe this stock has the potential to break through the $74 barrier .

Again, if we're talking about momentum and growth in the sector, this is where I see the potential for it to rise from 74 to around 95 or 100 dollars in a very short period of time .

Now, some might associate short periods of time with weeks. I think this could happen within days. This is a stock you might consider high risk ( high beta) at a price point of around, how much, $67.

Over the past thirty days, the average price movement has been approximately $10 between highs and lows. So, it doesn't take much for this stock to really start taking off. Again, if there is any reason for artificial intelligence to rise , if markets stabilize, and if AI becomes a field for attracting risks rather than avoiding them, then this is one of those unexpected names that deserves people's attention in the near term.

Yes, and AXT rose today in a similar fashion to Marvell by about 5.25 percent, trading at 67.68.