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Mar 3, 2026 8:01 AM

Coherent Stock Pulls Back After 15% Surge On Multibillion Nvidia AI Deal

Coherent Corp. (NYSE:COHR) stock is pulling back in premarket trading on Tuesday after surging 15.44% to close sharply higher on Monday.

Coherent stock rose Monday after the company announced a multiyear strategic agreement with Nvidia Corp. (NASDAQ:NVDA) to advance next-generation optics technologies aimed at scaling AI data center infrastructure.

Multibillion-Dollar Commitment

Under the nonexclusive agreement, Nvidia has made a multibillion-dollar purchase commitment and secured future access and capacity rights for advanced laser and optical networking products.

Nvidia will also invest $2 billion in Coherent to support research and development, future capacity expansion, and operations as the company strengthens its U.S.-based manufacturing footprint.

The collaboration centers on optical interconnects and advanced ...