Coherent is trading 4.6% up today at $338.56 as investors pile into optical networking names following reports of a potential U.S. ban on new Chinese-made optical transceivers.
- The stock is also benefiting from strong fiscal Q3 2026 results and robust guidance that reinforced demand for its high-speed optical transceivers and AI infrastructure exposure.
- Shares are gaining additional momentum from a broader semiconductor-sector rebound as investors continue to favor companies with significant AI hardware tailwinds.