COHH is trading at $5.78 (-3.18%) as semiconductor stocks de-risk ahead of Nvidia’s August 26 earnings.
- The ETF provides 2x daily exposure to Coherent (COHR), amplifying weakness in the underlying stock.
- Coherent shares are edging lower after a broad selloff in optical and photonics peers, despite strong results and guidance.
- Investors are also awaiting inflation data and the Jackson Hole symposium; a modestly weaker broader market reinforces the sector’s risk-off tone.