On June 12, COHERENT rose 3.26% overnight, trading at $377.41/share, with turnover of $500,000. The stock continues its technical rebound pattern following a sharp selloff triggered by SemiAnalysis publishing a bearish research report on co-packaged optics (CPO) on June 9, which caused the stock to plunge over 11% in a single session.

On the news front, NVIDIA executives publicly refuted the bearish report, stating that CPO expansion and delivery will proceed as planned in the second half of the year, providing a direct counterweight to market panic. Sector peer Corning rose 2.65% on the same day, indicating broader stabilization across the optical communications space. The SemiAnalysis report had argued that large-scale CPO commercial deployment would be pushed back to 2028-2029, well behind the market consensus of full-scale ramp in 2027, citing low optical engine yields, high co-packaging integration difficulty, and unfavorable system-level cost economics.

On the fundamental side, NVIDIA's $2 billion strategic investment agreement with the company remains in execution, and demand for 1.6T optical modules continues to surge, with the long-term growth thesis remaining intact.

(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.)