On June 25, COHERENT rose 3.18% in after-hours trading, trading at $404.61/share, with turnover of $16.55 million.

On the news front, the optical communication sector saw a broad rebound, while the company's Texas Indium Phosphide (InP) factory expansion project continued to catalyze investor confidence. NVIDIA CEO Jensen Huang previously joined Coherent CEO Jim Anderson at the groundbreaking ceremony for the Sherman, Texas InP wafer fab expansion. The project focuses on 6-inch InP wafer and optical interconnect capacity, with post-expansion production area doubling and wafer capacity increasing fourfold. The company also secured a $50 million CHIPS Act grant to support the facility.

Notably, NVIDIA has invested $2 billion in Coherent and signed a long-term procurement agreement, locking in future InP optical chip supply for its AI infrastructure. Institutions forecast that AI data center demand for InP will grow at an 85% compound annual rate, with Coherent positioned as the world's first manufacturer to achieve 6-inch InP mass production, further cementing its industry leadership.

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