🟢 Coherent is trading 12.3% up today as semiconductor stocks rebound from a heavy selloff

Coherent is trading 12.3% up at $248.49 as part of a sharp rebound in semiconductor stocks following a heavy selloff earlier this week.

• The move is aligned with a broader industry rally, with the SOXX semiconductor ETF climbing 5.59%.
• Major sector peers including NVIDIA, TSMC, and AMD are also seeing significant gains today.
• There are no fresh, company-specific announcements or earnings catalysts driving the price action for Coherent so far today.