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Coherent (COHR) Stock Is Up, What You Need To Know [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
The bank cited significant growth potential for the company. The move also followed Coherent's launch of a new 300mm silicon carbide platform. This technology was designed to meet the increasing need for better cooling efficiency in artificial intelligence (AI) data centers. Additionally, the new platform bolstered technologies used in other advanced electronics, including augmented and virtual reality (AR/VR) devices. After the initial pop the shares cooled down to $182.30, up 2.2% from previous close. Is now the time to buy Coherent? Access our full analysis report here Coherent's shares are extremely volatile and have had 47 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock dropped 9.3% on the news that investors rotated out of AI-linked high-flyers follo
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