On June 17, COHERENT rose 3.97% in pre-market trading, trading at $398.72/share, with turnover of $2.3487 million.

On the news front, NVIDIA CEO Jensen Huang and Coherent CEO Jim Anderson jointly attended the groundbreaking ceremony for the expansion of the company's indium phosphide semiconductor manufacturing facility in Sherman, Texas. The project focuses on 6-inch indium phosphide wafers and optical interconnect capacity, with production area set to double and wafer capacity to increase fourfold upon completion. Simultaneously, the company announced it has signed a preliminary agreement with the U.S. Department of Commerce to receive $50 million in dedicated funding under the CHIPS Act, earmarked specifically for this facility expansion.

From a fundamental perspective, NVIDIA previously invested $2 billion in Coherent and signed a long-term procurement agreement. Industry analysts project AI data center demand for indium phosphide to grow at an 85% compound annual growth rate. As the world's first manufacturer to achieve mass production of 6-inch indium phosphide wafers, the capacity expansion further solidifies Coherent's leadership position in compound semiconductor optical interconnects. Within the Electronic Components sector, Corning rose 2.41% and Amphenol gained 1.01%, reflecting broader sector stability.

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