🔴 COHR is trading 7.9% down today amid a broader pullback in high-valuation tech and AI infrastructure

COHR is trading 7.9% down at $375.13 as investors reassess stretched valuations across the AI infrastructure sector.

• The decline follows a significant AI-driven run-up and a recent rebound triggered by Micron’s strong earnings report.
• The move aligns with a broader cooling of AI-chip enthusiasm, with no new company-specific headlines driving the sell-off.
• High-valuation tech names are facing pressure as investors take profits following the recent sector-wide rally.