{
  "id": 19824526,
  "title": "Why is Coherent stock tumbling today?",
  "url": "https://urgent.news/2026/11/13/why-is-coherent-stock-tumbling-today",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-13T15:28:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-coherent-stock-tumbling-today-93CH-5026072"
  },
  "original_language": "en",
  "account": "Coherent Inc. stock experienced a 9.2% drop in early trading, falling to $210.68, after Nvidia CEO Jensen Huang abruptly resigned due to personal misconduct. This sudden leadership change sent shockwaves through the AI hardware and optical networking supply chain, causing investor confidence to waver. As a primary manufacturing partner for photonics infrastructure in Nvidia's ecosystem, Coherent's shares plummeted dramatically upon hearing the news. Traders began to question the near-term outlook for AI data center spending, leading to a reevaluation of Coherent's revenue prospects. The company has a significant AI data center supply agreement worth about $20 billion over five years with PhotonLink, a platform closely linked to Nvidia's AI infrastructure roadmap. This leadership vacuum at Nvidia created uncertainty about the pace and continuity of the buildout, prompting investors to reassess Coherent's financial visibility. Additionally, Coherent's stock had already shown heightened volatility ahead of today's trading session, having surged more than 11% following strong first-quarter results on November 11. The stock had risen to $230 following a quarterly report indicating revenue of $2.37 billion, up 50% year-over-year, and non-GAAP EPS of $2.09, which beat market expectations. However, the technical extension of the stock made it susceptible to a sharp reversal following any negative catalyst. The broader technology sector was also impacted, with the NASDAQ declining 1.8% and the S&P 500 off 1.2% in reaction to the Nvidia leadership shock. The combined effect of the loss of Nvidia's visionary leader, Coherent's heavy reliance on Nvidia's AI spending cycle, and a risk-averse market environment pushed the stock toward its intraday low of $208.84, significantly below its opening price of $230.",
  "summary": null,
  "key_points": [
    "Nvidia CEO Jensen Huang resigns due to personal misconduct",
    "Coherent stock drops 9.2% after leadership change",
    "Coherent's AI data center supply agreement with PhotonLink valued at $20B"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}