🟢 Coherent is trading 10.1% up today on strong AI-data-center optics outlook

Coherent is trading 10.1% up at $358.82 as investors continue to favor its strong AI-data-center optics outlook.

• The August 12 earnings report showed $2.05 billion in revenue and $1.74 non-GAAP EPS.
• First-quarter guidance of $2.2 billion–$2.4 billion in revenue exceeded consensus.
• The broader semiconductor sector is also supporting the move, with SOXX up 2.79% during regular trading.