COHR

Coherent is selling off in pre-market trading as investors rotate out of high-flying semiconductor and optical networking stocks following a period of intense, momentum-driven gains. While the company recently hit all-time highs on the back of bullish analyst sentiment and strong AI data center demand, the stock is currently pulling back in sympathy with a broader decline across the hardware and equipment sector. With no specific company-level news released in the last 48 hours, this downward move appears to be a technical correction and profit-taking event, mirroring the weakness seen in peers like Marvell, Intel, and Lumentum.