Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Coherent Stock Is Skyrocketing Today

TheMotleyFool

0 0

Why Coherent Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/841691/gettyimages-1157075425.jpg

(NYSE: COHR) stock is posting huge gains Thursday despite bearish momentum for the broader market trading. The company's share price was up 18.2% as of 2:15 p.m. ET. Meanwhile, the S 500 had fallen 1.2%, and the Nasdaq Composite was down 1.5%.

Tech stocks are seeing big pullbacks in today's trading, but Coherent is defying gravity thanks to a strong quarterly report. Performance beats in its fiscal first quarter connected to artificial intelligence (AI) and strong forward guidance are helping the stock surge higher.

Image source: Getty Images.

Source Fool.com