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Coherent Shares Climb Nearly 14% After Thursday's Broad Selloff

Shares traded at $193.35 at 1:55 p.m. ET Friday, up $23.59.

An optical transceiver rests beside a rising polished steel plane / TokenPost.ai
An optical transceiver rests beside a rising polished steel plane / TokenPost.ai

Coherent Corp. shares climbed nearly 14% to $193.35 by 1:55 p.m. ET Friday, adding $23.59 after Thursday's broad retreat in artificial-intelligence and semiconductor stocks.

The Thursday evening advance in Nasdaq-100 futures followed a steep regular-session selloff. SanDisk and Micron each gained 4% in after-hours trading.

Coherent is a vertically integrated photonics manufacturer that makes optical transceivers and other photonics products.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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