COHH is trading at $4.93 (-20.48%) amid sector-level weakness in AI and semiconductor stocks, driven by spending concerns and a broad risk-off market tone.

  • As a 2x leveraged ETF tied to Coherent Corp., the fund is experiencing amplified losses from downward pressure on the underlying stock and related optics names.
  • Broader markets remain cautious as chip stocks lead declines while investors await Fed policy updates and today’s consumer-confidence data.