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.