COHH is trading at $5.15, rebounding after collapsing 25.21% on September 14 as traders buy beaten-down exposure to Coherent and AI-photonics stocks.
- The underlying sector remains volatile after AI leaders called for slower development; Nvidia and other chipmakers sold off broadly.
- Rising Treasury yields near 5% and expectations for a Federal Reserve rate hike continue pressuring growth stocks, leaving the rebound vulnerable to thin liquidity and fast reversals.