Coherent Corp's stock fell over 50%, but its Q4 FY26 revenue grew 34% year-over-year, driven by a 66% increase in data center revenue and improved gross margins. The company intentionally built inventory to support expected AI data center growth and recently raised $2 billion through equity issuance, including investment from Nvidia, which diluted shares by 26.2% but strengthened the balance sheet. Trading at about a 22% discount to fair value with a forward P/E under 20, Coherent presents a compelling entry point despite risks tied to hyperscaler AI spending trends, which are currently considered overblown.
Coherent (COHR) trades at USD 218.80 on Pluang as of Nov 02, 2026 20:42 WIB, up 4.05% in one day. The stock's market cap stands at $41.42 billion, with a 52-week low of $128.70 and high of $426.89. Typical holding time on Pluang is 9 days, reflecting active investor interest despite recent volatility.
AI optics stocks including Applied Optoelectronics, Coherent, Lumentum, and Marvell fell between 10% and 15% following concerns about hyperscaler spending after Google's market value dropped by over $500 billion due to higher-than-expected cash burn....
Marvell is reportedly close to acquiring optical component maker Lumentum, a move that has caused Marvell's shares to drop 13% while Lumentum's rose 6%. The deal aims to secure scarce optical components critical for AI data centers, with Lumentum's p...
Marvell is negotiating to acquire Lumentum, a key optical component maker with capacity sold out through 2029, highlighting a shortage in advanced optical manufacturing critical for AI data centers. This deal could increase the strategic value of Coh...
