🔴 Coherent is trading 8% down amid broader market pressure

Coherent is trading at $218.49, down 8.02%, amid broader market pressure.

• On October 22, the Nasdaq and S&P 500 were also lower as renewed doubts about AI spending pressured growth stocks.
• Reuters said weaker sentiment followed Tesla’s reduced capital-spending outlook and Meta’s AI funding plans; rising oil prices added to market jitters.
• The move points to global market pressure, not a clear new Coherent-specific catalyst. Fiscal Q4 results and Q1 guidance were previously reported.