On June 22, COHERENT rose 3.32% in regular trading, trading at $415.35/share, with turnover of $804 million. The optical communications sector saw broad-based gains, with peer Corning rising 3.9% on the same day, reinforcing sector-wide momentum.

On the news front, the stock continues to benefit from multiple catalysts that emerged in recent sessions. NVIDIA CEO Jensen Huang and Coherent CEO Jim Anderson jointly attended the groundbreaking ceremony for the indium phosphide factory expansion in Sherman, Texas, targeting 6-inch indium phosphide wafer and optical interconnect capacity. The project will double production area and quadruple wafer output upon completion. Additionally, the company secured a $50 million dedicated subsidy under the CHIPS Act.

NVIDIA previously invested $2 billion in Coherent and signed a long-term procurement agreement. Institutional forecasts project an 85% compound annual growth rate for indium phosphide demand driven by AI data centers. As the world's first manufacturer to achieve mass production of 6-inch indium phosphide wafers, the capacity expansion further solidifies Coherent's industry leadership position.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)