Investors are ditching chip makers and other AI stocks that had helped keep the market afloat on Monday.
The optics complex is splitting in two this morning. Coherent (NYSE:COHR | COHR Price Prediction) is trading down 4.94% and Cisco Systems (NASDAQ:CSCO) is down 8.48% after both reported fiscal fourth-quarter results last night.
AI clusters have a wiring problem. Copper cables cannot move enough data between GPU racks, so the industry is switching to light.
COHR is accelerating AI optics capacity, with faster 1.6T and 6-inch InP ramps, new revenue streams and fiscal 2027 demand essentially booked.
Jim Cramer has a clear message for investors chasing photonics exposure: skip speculative small caps and own companies already delivering results.
Coherent Corp. (COHR) is a central AI datacenter infrastructure supplier, with accelerating growth and a dominant position in optical connectivity. COHR delivered 34% revenue growth, 59% datacenter revenue growth, and guided Q1 fiscal 2027 revenue up to $2.4 billion, signaling ongoing acceleration. The NVIDIA partnership, co-packaged optics ramp, and capacity expansion underpin confidence in continued growth and margin expansion.
Coherent Corp. (COHR) Q4 2026 Earnings Call Transcript
Coherent (COHR) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1 per share a year ago.
Coherent stock has done well, helped by the recent investment by Nvidia and the growing revenue trajectory. COHR has jumped by 260% in the last 12 months and 380% in the last five years.
Cisco Systems (NASDAQ:CSCO | CSCO Price Prediction) and Coherent (NYSE:COHR) both step into the earnings spotlight after the close on Wednesday, August 12, 2026, giving investors a rare same-session read on the AI networking build-out.
Shares of Coherent (NYSE:COHR | COHR Price Prediction) are down 11.63% in Monday trading, sliding from $379.13 to $335.05.
Coherent heads into fiscal Q4 earnings with strong AI demand, capacity expansion and margin gains, but its sharp rally and premium valuation support a Hold.