On September 15, Coherent rose 4.32% in regular trading, trading at $277.16/share, with turnover of $129 million. The stock staged a notable rebound following the prior session's steep decline of over 7%, which was triggered by calls from heads of Anthropic, OpenAI, and SpaceX to slow frontier AI model development, combined with OpenAI shelving its IPO plans.
On the news front, optical communication stocks broadly reversed higher on September 15, with Corning, Ciena, and Lumentum also posting gains in pre-market trading. Multiple analysts noted that the AI slowdown rhetoric does not equate to a collapse in long-term sector fundamentals. Industry observers highlighted that 1.6T optical transceivers are currently in mass production ramp, major suppliers carry full backlogs extending well into the future, and inference deployment plus smart computing center expansion continue to generate rigid demand for high-speed optical interconnect hardware. Additionally, Goldman Sachs recently raised its global optical module market forecast by up to 115% through 2028, underpinning the sector's structural growth trajectory.
(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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