Coherent Shares Drop 8% Post-Earnings with $1.1 Billion Capex Raising Questions for AI Optics Demand
Coherent Corp. dropped 7.96% on Thursday, even as it reported record-high quarterly revenue. The decline pointed to a deeper concern beyond surpassing earnings estimates: the cash burn from AI-optics expansion is outpacing cash generation. Shares were up 0.68%, at $329.57, in premarket trade on Friday at 06:45 EDT.
