Coherent is trading 4.17% up at $240.02, in a move that appears to reflect a sector rebound as lower Treasury yields and easing crude prices supported the battered AI trade.
- The shares have risen after a sharp multi-session selloff; no clear company-specific catalyst surfaced in available reporting.
- The semiconductor ETF rose 3.6% in premarket trading, while investors bought back into the recently pressured chip group.