(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.

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Source Fool.com