๐ Coherent $COHR tanks 14% on pre-earnings profit-taking โ up 105% YTD going in
AI optics darling Coherent Corp is getting crushed midday, down 14% with zero fresh negative news โ purely investors locking in massive gains ahead of tomorrow's earnings (Aug 12). The stock was up over 105% year-to-date and trades at ~160x trailing P/E, making it a textbook profit-taking target. Competitor Lumentum ($LITE) is also sliding ~9% on the same de-risking move across the AI optics complex. Not financial advice. Will COHR bounce on earnings, or is the big run finally over?
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