Coherent Corp. - Common Stock (COHR)

While artificial intelligence will be in the spotlight at chip maker Nvidia's GTC conference this week, another technology development will be under the radar.

Coherent introduces its 793nm pump laser diode with 28W power and 97% polarization purity, set to revolutionize the Thulium fiber laser market. This technology enhances medical treatments by providing safer, faster, and more efficient solutions, improving patient outcomes and reducing costs.

JPMorgan analyst weighs in on hardware and networking sector, suggests companies with software-driven hardware and infrastructure focus will weather the storm.

Donald Trump called for ending the CHIPS Act, which provides manufacturing incentives to semiconductor companies.

COHR earnings call for the period ending December 31, 2024.

JP Morgan analyst raised COHR price target to $120, reiterated Overweight rating. Q2 sales and EPS beat consensus. Analysts maintain positive outlook.

Coherent CEO touts another quarter of AI-related Data Center demand with sales of $1.44 billion, beating the consensus of $1.37 billion.

After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.