Movement Alert|COHERENT Rises 3.18% in After-Hours Trading, Optical Communication Sector Rebounds as Texas InP Expansion Project Continues to Drive Momentum

Market Focus06-25 04:43

On June 25, COHERENT rose 3.18% in after-hours trading, trading at $404.61/share, with turnover of $16.55 million.

On the news front, the optical communication sector saw a broad rebound, while the company's Texas Indium Phosphide (InP) factory expansion project continued to catalyze investor confidence. NVIDIA CEO Jensen Huang previously joined Coherent CEO Jim Anderson at the groundbreaking ceremony for the Sherman, Texas InP wafer fab expansion. The project focuses on 6-inch InP wafer and optical interconnect capacity, with post-expansion production area doubling and wafer capacity increasing fourfold. The company also secured a $50 million CHIPS Act grant to support the facility.

Notably, NVIDIA has invested $2 billion in Coherent and signed a long-term procurement agreement, locking in future InP optical chip supply for its AI infrastructure. Institutions forecast that AI data center demand for InP will grow at an 85% compound annual rate, with Coherent positioned as the world's first manufacturer to achieve 6-inch InP mass production, further cementing its industry leadership.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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