Coherent (COHR) stock price slips in premarket after Nvidia’s $2 billion stake — what to know before the open
Coherent Corp shares fell about 6% in premarket trading Tuesday after soaring 15.4% Monday on news of a $2 billion private placement with Nvidia at $256.80 per share. The deal gives Nvidia access to five Coherent product families tied to co-packaged optics. Monday’s close was $298.91. Coherent is set to present at the Morgan Stanley TMT Conference later Tuesday.
