COHH is trading at $9.12 (-4.60%) as its 2x exposure amplifies Coherent’s post-earnings reversal.
- Coherent beat estimates with $2.05 billion in revenue and $1.74 adjusted EPS.
- Shares declined after the report as investors weighed valuation, investment spending, and margin expectations.
- The broader market and semiconductor complex are stronger; the decline appears primarily company-specific rather than a broad risk-off move.