Coherent (NYSE:COHR) surges after U.S. eyes China optics ban, market value increases by $7 billion
Shares of Coherent Corp. rose 12.4% on Tuesday morning as investors speculated that a suggested U.S. ban might steer AI-optics demand to American manufacturers. The stock was trading at $323.86 at 10:53 EDT, off its session peak of $346.