🔴 Coherent is trading 7.5% down in pre-market as chip stocks slide on Intel outlook

Coherent is trading $219.50 (-7.47%) in pre-market as semiconductor stocks face broad pressure following Intel’s weaker Q4 outlook and renewed worries about returns on heavy AI spending.

• Reuters reported the semiconductor index sold off after Intel cited near-term PC-industry headwinds; it had also fallen during the regular session after Alphabet’s earnings.
• SOXX was down 2.81% pre-market.
• No company-specific event was identified; the move appears sector-driven.