Why Is Coherent Stock Surging Thursday?
Coherent stock surged 2.8% premarket following Nvidia's upbeat AI outlook. Analysts maintain a Buy rating with a $402 average target.
Coherent's stock went up because Nvidia (a big AI company) said good things about its future, and people who study stocks think Coherent is worth buying. When a major company in the same industry looks strong, it can lift up other companies in that field too.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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