COHH is trading at $8.95, up 7.31% today, extending a powerful multi-day rally in AI hardware and optical components following strong sector earnings and record U.S. equity levels.
- The move reflects sustained demand for AI-related optics exposure, specifically tracking Coherent (COHR) amid a broader surge in hardware stocks.
- Market sentiment is bolstered by higher index futures and easing crude prices as geopolitical risks around the Strait of Hormuz and Iran de-escalate, reinforcing a risk-on environment for leveraged plays.