🔴 COHR is trading 4.5% down today on sector volatility following Nvidia's $6.5 billion photonics commitment

COHR is trading at $345.03 (-4.5%) in pre-market, extending its decline as the market reacts to Nvidia’s massive investment in the photonics sector.

• The stock fell 4.1% in the previous session from $361.47, signaling a broader repositioning among optical and photonics names.
• The move follows reports of Nvidia’s at-least $6.5 billion commitment to photonics companies, driving significant volatility across the industry.
• With no company-specific news or earnings today, the downward pressure appears tied to the ongoing AI-photonics investment theme.