🟢 Coherent is trading 4.85% up today as chip and AI stocks rebound on strong tech sentiment

Coherent is trading at $261.15 (+4.85%) in pre-market as chip and AI-linked stocks rebound sharply following strong overnight tech sentiment.

• The broader semiconductor sector is seeing significant gains, with the SOXX ETF rising 3.07% this morning.
• Market sentiment was bolstered by Microsoft’s blowout results, which helped ease recent investor concerns regarding AI-related capital expenditure.
• The move continues momentum from the July 30 session, where the stock traded higher alongside a sector-wide rally.