Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                                    AXT, Inc.
                                (Name of Issuer)

                         Common Stock, par value $0.001
                         (Title of Class of Securities)

                                 (CUSIP Number)

                                 June 5, 2007
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the

CUSIP No. 00246W103

1.       Names of Reporting Persons.
         I.R.S. Identification Nos. of above persons (entities only)

         JDS Capital Management, Inc.

2.       Check the Appropriate Box if a Member of a Group (See Instructions)
         (a) N/A
         (b) N/A

3.       SEC Use Only

4.       Citizenship or Place of Organization


                        5.       Sole Voting Power
Number of
Shares                  6.       Shared Voting Power
Beneficially                       0
Owned by
Each                    7.       Sole Dispositive Power
Reporting                         2,000,000
Person With
                        8.       Shared Dispositive Power

9.       Aggregate Amount Beneficially Owned by Each Reporting Person

10.      Check if the Aggregate Amount in Row (9) Excludes Certain Shares
         (See Instructions)

11.      Percent of Class Represented by Amount in Row (9)

12.      Type of Reporting Person (See Instructions)


Item 1.
         (a)      Name of Issuer
                  AXT, Inc.

         (b)      Address of Issuer's Principal Executive Offices
                  4821 TECHNOLOGY DRIVE
                  FREMONT CA 94538

Item 2.
         (a)      Name of Person Filing

                  JDS Capital Management, Inc.

         (b)      Address of Principal Business Office or, if none, Residence

                  100 Park Avenue, 17th Floor, New York, NY 10013

         (c)      Citizenship


         (d)      Title of Class of Securities

                  Common Stock, par value $0.001 per share (the "Common Stock")

         (e)      CUSIP Number


Item 3.           If this statement is filed pursuant to ss.240.13d-1(b) or
                  240.13d-2(b) or (c), check whether the person filing is a:N/A

         (a)      [ ]      Broker or dealer registered under section 15 of the
                           Act (15 U.S.C. 78o);

         (b)      [ ]      Bank as defined in section 3(a)(6) of the Act
                           (15 U.S.C. 78c);

         (c)      [ ]      Insurance company as defined in section 3(a)(19) of
                           the Act (15 U.S.C. 78c);

         (d)      [ ]      Investment company registered under section 8 of the
                           Investment Company Act of 1940 (15 U.S.C. 80a-8);

         (e)      [ ]      An investment adviser in accordance with

         (f)      [ ]      An employee benefit plan or endowment fund in
                           accordance with ss.240.13d-1(b)(1)(ii)(F);

         (g)      [ ]      A parent holding company or control person in
                           accordance with ss.240.13d-1(b)(1)(ii)(G);

         (h)      [ ]      A savings associations as defined in Section 3(b) of
                           the Federal Deposit Insurance Act (12 U.S.C. 1813);

         (i)      [ ]      A church plan that is excluded from the definition of
                           an investment company under section 3(c)(14) of the
                           Investment Company Act of 1940 (15 U.S.C. 80a-3);

         (j)      [ ]      Group, in accordance withss.240.13d-1(b)(1)(ii)(J).

Item 4.  Ownership.

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.

         (a)      Amount beneficially owned:

                  2,000,000 shares of Common Stock

         (b)      Percent of class:

                 6.69%. Based on 29,894,949 shares of Common Stock reported by
the Issuer to be issued and outstanding as of April 30, 2007 in the Issuer's
Quarterly Report of Form 10-Q, as filed with the Securities and Exchange
Commission on May 11, 2006.

         (c)      Number of shares as to which the person has:

                  (i)      Sole power to vote or to direct the vote:
                  (ii)     Shared power to vote or to direct the vote:
                  (iii)    Sole power to dispose or to direct the disposition
                  (iv)     Shared power to dispose or to direct the disposition

Item 5.  Ownership of Five Percent or Less of a Class

If this  statement  is being filed to report the fact that as of the date hereof
the  reporting  person has ceased to be the  beneficial  owner of more than five
percent of the class of securities, check the following [ ]. N/A

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.


Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company

Item 8.  Identification and Classification of Members of the Group


Item 9.  Notice of Dissolution of Group


Item 10. Certification

By signing below I certify  that,  to the best of my knowledge  and belief,  the
securities  referred to above were not acquired and are not held for the purpose
of or with the effect of  changing or  influencing  the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.


After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Date June 15, 2007


JDS Capital Management, Inc.

/s/ Joseph D. Samberg
Joseph D. Samberg, President