🔴 Coherent is trading 10.31% down today on renewed concerns over slower frontier-AI development

Coherent is trading 10.31% down now at $273.90 after renewed concerns that slower frontier-AI development could reduce future demand for AI infrastructure and photonics components.

• The decline is part of a broad semiconductor selloff, with SOXX down 5.54%.
• Reuters reported losses across Nvidia, AMD, Intel and Marvell after AI leaders called for slower development.
• No company-specific announcement was identified.