🟢 Coherent Inc is trading 7.5% up today on U.S.–Iran peace deal and broad risk-on rally

Coherent Inc is trading 7.5% up at $413.77 as a broad risk-on rally in U.S. equities lifts technology and AI-related growth names.

• The upward move follows news of a tentative U.S.–Iran peace agreement and a subsequent decline in oil prices, boosting investor sentiment across the tech sector.
• Shares are extending a sharp rebound from last week's volatility, though analysts note the gains are driven by macro factors rather than a company-specific catalyst.
• The stock's performance aligns with a wider market rotation back into high-growth equities as geopolitical tensions ease.