nLIGHT is trading 4.8% down at $64.70 as investors continue to lock in profits following a sharp rally driven by a landmark $627 million U.S. defense laser weapon system contract.
- The stock has experienced high volatility, surging on defense-laser momentum and strong financial results before pulling back under valuation and profit-taking pressures.
- Broader weakness in semiconductor-related names is contributing to the downward movement as the stock retreats from its recent highs.