Coherent Inc is trading 6.1% down at $396.08 as investors engage in profit-taking across the optical and semiconductor sectors following a significant AI-driven surge.
- The stock saw a sharp pullback from its previous close of $421.90, with the broader photonics and optical group taking a breather after recent gains.
- Negative sentiment is weighing on the wider tech sector, with the Nasdaq down 0.97% as semiconductor stocks face increased pressure.