On June 25, COHERENT rose 4.3% in pre-market trading, trading at approximately $411.55/share, with turnover of $962,300. The stock's advance came alongside a broad rebound in the optical communications sector, with peer Corning up 9.19% and Vishay Intertechnology up 6.71%.
On the fundamental front, NVIDIA CEO Jensen Huang previously joined Coherent CEO at the groundbreaking ceremony for the company's indium phosphide (InP) factory expansion in Sherman, Texas. The project targets 6-inch InP wafer and optical interconnect capacity, with production area set to double and wafer capacity to increase fourfold upon completion. The company also secured a $50 million dedicated subsidy under the CHIPS Act. NVIDIA has invested $2 billion in Coherent and signed a long-term procurement agreement, while institutional forecasts project AI data center demand for InP to grow at a compound annual growth rate of 85%, reinforcing the capacity expansion as a sustained market confidence catalyst.
(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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