Coherent Inc is trading 4.6% up at $394.15 in pre-market, rebounding after a sharp 10.4% decline on June 5 driven by sector-wide profit-taking in AI-related optical and photonics names.
- The move appears to be a recovery bounce fueled by renewed risk appetite as major indices point higher in futures trading.
- There are no fresh company-specific catalysts reported, suggesting the price action is a correction of last week's AI-sector pullback.
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