COHH is trading 4.37% lower at $5.47 in after-hours sessions as investors lock in gains following a significant two-day rally in semiconductor and large-cap tech stocks.
- The leveraged ETF had surged on July 30–31, buoyed by strong earnings from Microsoft and Amazon alongside cooling PCE inflation data.
- The current pullback reflects normalization within the volatile chip and AI hardware sector rather than a specific negative catalyst for Coherent or its peers.