🔴 Leveraged Coherent ETF (COHH) is trading 4.47% down in pre-market amid chip-sector pressure despite earnings beat

COHH is trading at $2.18 with a -4.47% move, as chip and data-center weakness may weigh despite Coherent’s upbeat results.

• COHH targets 2x Coherent’s daily return, making it highly sensitive to COHR’s move.
• Coherent reported $2.37 billion in fiscal Q1 revenue and $2.09 adjusted EPS, and forecast fiscal 2027 pro forma revenue growth above 60%.
• Premarket pressure hit chips and data centers, with Nasdaq futures lower and chip stocks strained after the previous session’s losses.