COHH is trading at $6.29 (-3.08%), reversing after several strong sessions as its 2x daily Coherent exposure amplifies weakness in photonics and AI-infrastructure shares.
- Investors are reducing risk in broader technology exposures ahead of the Federal Reserve’s September policy decision.
- August producer inflation rose 0.4% month over month and 5.4% year over year, while Brent crude exceeded $100 amid U.S.-Iran tensions, raising inflation and interest-rate concerns.
- Macro pressures weigh on growth-oriented exposures despite recent Coherent strength.