On June 18, COHERENT rose 4.57% in regular trading, trading at $390.575/share, with turnover of $182 million.

On the news front, NVIDIA CEO Jensen Huang and Coherent CEO Jim Anderson jointly attended the groundbreaking ceremony for the indium phosphide (InP) semiconductor factory expansion in Sherman, Texas. The project targets 6-inch InP wafer and optical interconnect capacity, with production area set to double and wafer output capacity increasing fourfold upon completion. Simultaneously, the company announced signing a preliminary agreement with the U.S. Department of Commerce to receive $50 million in dedicated CHIPS Act funding for the expansion.

NVIDIA previously invested $2 billion in Coherent and signed a long-term procurement agreement. As the world's first manufacturer to achieve mass production on 6-inch InP wafers, Coherent's capacity expansion further consolidates its industry-leading position. Institutions project AI data center demand for InP compounds will grow at an 85% CAGR. Within the Electronic Components sector, Corning rose 4.68%, Amphenol gained 2.72%, and Littelfuse advanced 4.59%, reflecting broad sector strength.

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