Coherent Inc is trading at $404.57 (down 4.1%) in pre-market action as investors continue to lock in profits following this week's significant AI-driven rally.
- The stock is experiencing a sharp pullback alongside other optical and semiconductor names as traders rotate out of high-growth tech positions.
- Sentiment is further dampened by weaker tech futures and broader risk-off positioning as the market awaits the upcoming U.S. jobs report.