Coherent Corp. (COHR) News

Biggest leaders on my watchlist into the Fed at 2pm ET: $CIFR +13.8% $FPS +12.0% $LITE +8.0% $QNT +7.0% $COHR +6.3% $ALAB +6.2% $CIFR and $FPS have already blown through their average daily volume. Before the decision! 😲

Category Overview (as of 11:30amEST): Semis: +3.07%; 24 of 26 Up (>=4%: $AXTI $SMTC $MXL $ALAB $UMC $TSEM $ASX) Clean Energy: +2.51%; 3 of 4 Up (>=4%: $GEV $BE) TechServices: +2.00%; 13 of 21 Up (>=4%: $SEI $HUT $RXT $DOCN $NBIS $SNOW) TechHardware: +1.82%; 28 of 32 Up (>=4%: $COHR $DELL $OUST $QMCO) Telecom: +1.31%; 13 of 19 Up (>=4%: $LITE $SPCX) Retail: +1.00%; 22 of 30 Up (>=4%: $ANF $CTRN) Electric/Util: +0.98%; 4 of 5 Up Healthcare: +0.92%; 70 of 95 Up (>=4%: $BBNX $BRKR $MMED $SENS $RVTY $WGS) Bio/Pharm: +0.77%; 96 of 141 Up (>=4%: $ALVO $PBLS $ARQT $AXSM $TWST $ODTX $IOVA) Materials: +0.56%; 43 of 65 Up (>=4%: $GORO) Industrial: +0.51%; 34 of 62 Up (>=4%: $WOR $PRLB $IESC) Leisure: +0.46%; 20 of 28 Up (>=4%: $LIND) Consumer: +0.15%; 24 of 43 Up Real Estate: -0.07%; 6 of 13 Up Software: -0.11%; 35 of 73 Up Finance: -0.14%; 31 of 71 Up (>=4%: $RIOT $PRAA) Oil/Gas/Etc: -1.30%; 24 of 75 Up (>=4%: $TRMD $FRO $DHT $ECO)

$AAPL Supply Chain — Key Names Semiconductors & RF: $AAPL — Apple $AVGO — Broadcom $QCOM — Qualcomm $SWKS — Skyworks Solutions $QRVO — Qorvo $CRUS — Cirrus Logic $TXN — Texas Instruments $ADI — Analog Devices $NXPI — NXP Semiconductors $MU — Micron Technology $INTC — Intel $GFS — GlobalFoundries $ON — ON Semiconductor Materials, Equipment & Components: $GLW — Corning $COHR — Coherent $AMAT — Applied Materials $MP — MP Materials $APH — Amphenol Manufacturing & Packaging: $AMKR — Amkor Technology $TSM — Taiwan Semiconductor $ASML — ASML The device is the story. The supply chain is the trade.

$GLW Corning -13.70% and was the worst-performing stock in the $SPX S&P 500. Optical networking stock $COHR Coherent -12.73%, while $TER Teradyne -10.30%.

Wholesale inflation came in hot this morning, and the chips are paying for it. PPI ran +5.4% on the year, the 10-year jumped to a 3-year high Hot inflation, higher yields, growth sold. Full read on the card $SPY $QQQ $TTMI $AEHR $BE $ALAB $AAOI $CIEN $DOCN $TSEM $FORM $COHR

Photonics and optical names are ripping today as $VZ and $GLW new multibillion dollar fiber commitment reinforces that Al connectivity demand is spreading well beyond hyperscalers: $AEHR +7% $AXTI +14% $LITE +13% $VAT +12% $AAOI +9% $COHR +9% $ONE HUNDRED +9% I think you're going to keep seeing more deals like this as the Al buildout expands from inside the data center to between data centers bringing a much broader buyer base into fiber, transceivers, lasers, DSPs and silicon photonics.