🟢 2X Coherent ETF (COHH) is trading 3.7% up in after-hours trading as Coherent shares rebound

COHH is trading at $2.79, up 3.72% after-hours; its rise appears to track a rebound in Coherent after shares fell sharply during the AI-optics selloff.

• A broader bounce in AI and semiconductor sentiment helped support optical-networking stocks.
• Analyst target cuts and uncertainty ahead of Coherent’s earnings remain concerns.
• COHH targets 2× Coherent’s daily move, amplifying changes in the underlying stock.