Movement Alert｜Coherent Rises 3.11% in Pre-Market Trading, Optical Communication and Semiconductor Sectors Stage Broad Rebound

Market Focus07-14 16:14

On July 14, Coherent rose 3.11% in pre-market trading, trading at 316.23 USD/share, with turnover of approximately $2.51 million.

On the news front, the semiconductor and optical communication sectors staged a broad pre-market rebound following the prior session's sharp selloff. Storage stocks led the recovery, with SK Hynix up over 6% and SanDisk up over 4%. The optical communication sector saw widespread gains, with POET Technologies up over 3%, while Corning, Lumentum, Coherent, Credo, and Astera Labs each rose over 2%. The broader semiconductor space was also higher, with Intel up over 3% and AMD, Marvell Technology, and ARM each gaining over 2%. Tower Semiconductor surged over 16% after announcing a strategic capacity expansion in Japan.

Coherent had fallen over 5% in the prior session as optical communication stocks sold off broadly. The current rebound appears driven by sector-wide recovery momentum across semiconductor, storage, and optical interconnect names.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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