COHR is trading 3.8% down at $366.02 as investors lock in gains following a powerful AI and optical networking rally and debate stretched valuations.
- The decline follows a period of significant outperformance and a sharply higher share price this year, fueled by strong Nvidia-backed AI data center demand.
- Market sentiment is being pressured by sector-wide semiconductor jitters despite a lack of fresh negative company-specific headlines today.