Coherent is trading at $195.00, down 6.02%, as reports point to selling across AI optics stocks amid hyperscaler spending concerns, despite a strong broader market.
- Peer Applied Optoelectronics was reported down 15%.
- Coherent’s fiscal Q1 results were due after the November 4 close.
- No company-specific negative announcement explaining the intraday drop was found; trading volume was not provided.