On September 14, Coherent fell 4.44% in pre-market trading, trading at approximately 288.01 USD/share, with turnover of 2.2885 million USD.
On the news front, Anthropic CEO publicly called on the industry to voluntarily slow the pace of AI capability advancement over the weekend, with OpenAI CEO Sam Altman and Elon Musk subsequently voicing support. OpenAI further announced it would not proceed with its IPO plan this year, causing AI industry expansion expectations to cool sharply. Semiconductor stocks declined first in overnight trading, with Micron Technology, SK Hynix, and Intel falling over 5%. As a core supplier of optical interconnect solutions for AI computing infrastructure, Coherent was directly weighed down by market concerns over a potential slowdown in AI-related capital expenditure.
Within the Electronic Components sector where Coherent belongs, the overall sector was under broad pressure. Among individual stocks, Corning down 6.71%, Amphenol down 3.48%, Vishay Intertechnology down 3.58%, Belden down 1.70%, Littelfuse flat at 0%.
(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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