Coherent (COHR) fell 11.34% to $210.32 on October 30 as weak results from Intel and Amazon hit AI hardware stocks, though the company had no specific news. Lumentum (LITE) and Marvell Technology (MRVL) also dropped 8.57% and 10.05%, after Bloomberg reported on October 28 that Marvell is in advanced talks to buy Lumentum. Coherent booked $7.12 billion in fiscal 2026 revenue, up 22.5%, versus $3.01 billion for Lumentum, up 83.2%, yet Lumentum was worth about $76 billion against $41.4 billion for Coherent. The article points to Lumentum's higher non-GAAP gross margin of 50.4% in its June quarter, compared with Coherent's 40.2%, and notes Coherent reports fiscal first-quarter results on November 4.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Coherent Stock Fell 11% as Intel and Amazon Earnings Hit AI Hardware Stocks. Here’s Where the Stock Could Go
Read the original on Yahoo Finance ↗
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semiconductorsartificial intelligenceearningsmergers and acquisitions
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 10/30/2026 | 240.35 |
| Change that session | -1.41% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.64 |
| Change that session | -4.22% |
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