🟢 Coherent is trading 10.1% up today as chip and AI stocks rebound

Coherent is trading at $274.10 (10.1% up) as it rebounds with the broader semiconductor and AI complex following a sharp recovery in chip stocks.

• Strong tech sentiment follows robust results from major cloud and AI players, helping reverse recent weakness in AI infrastructure names.
• The broader semiconductor sector is seeing significant gains, with the SOXX ETF climbing more than 3% in early trading.