AI-Focused Stocks Surge on New Integrations, Contracts and Earnings

Overview

• Lightwave Logic extended a three-day run to a four-year high, touching $17.28 intraday and closing at $16.27 as investors looked to its May 21 shareholders’ meeting.
• Lightwave Logic added its polymer modulator to the GDSFactory process design kit used by GlobalFoundries’ silicon photonics platform, giving customers a standard route from design to foundry tape-out.
• SoundHound scheduled May 7 results and renewed a Casey’s deal covering more than 2,600 stores after 21 million guest interactions, with founding finance chief James Hom now serving as interim CFO.
• AXT reported 39% year-over-year revenue growth to $26.9 million and cut its net loss to $1.62 million, and it raised $632.5 million to expand Tongmei’s indium phosphide capacity used in high-speed optical links for AI data centers.
• Twilio and Atlassian shares also jumped after stronger quarterly updates, showing how concrete operating gains are lifting a wider set of AI-linked names.