Coherent Corp. Shares Rise 14% Following AI-Driven Semiconductor Selloff
Shares of Coherent Corp. (COHR) surged nearly 14% on Friday, recovering significant ground after a sharp decline in the previous session. The earlier selloff was part of a broader market trend affecting artificial intelligence and semiconductor stocks. The stock price increased by $23.59 to reach approximately $193.35 during early afternoon trading. This rebound suggests a stabilization for the vertically integrated photonics manufacturer following recent volatility in the AI sector.
Tickers: $COHR
Topics: AI market photonics semiconductors stock price increase
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Part of the story Coherent Corp. Shares Rise 14% Following AI-Driven Semiconductor Selloff (3 articles)