COHH is trading 16.8% down today, extending a multi-day slide driven by continued weakness in Coherent Corp (COHR) and the broader optical and semiconductor sectors.
- The downward move reflects a wider tech risk-off sentiment fueled by concerns over AI chip valuations and potential higher interest rate risks.
- Geopolitical tensions are further weighing on investor sentiment toward cyclical growth and hardware names.
- As a 2x leveraged ETF, COHH is seeing amplified losses relative to the underlying volatility in the optical and tech hardware segments.