Coherent shares rise 5.33% intraday after unveiling 300mm silicon carbide platform for AI datacenters and thermal efficiency.

Coherent (COHR) surged 5.33% intraday following the announcement of its next-generation 300mm silicon carbide (SiC) platform, engineered to enhance thermal efficiency in AI datacenters and scalable for AR/VR and power electronics. The platform leverages the company’s 200mm expertise to deliver low resistivity, high homogeneity, and cost advantages, positioning Coherent as a leader in wide-bandgap semiconductor materials. The expansion aligns with growing demand for energy-efficient solutions in high-performance computing and renewable energy systems, reinforcing investor confidence in the firm’s technological innovation and market positioning. Multiple news reports highlighted the platform’s potential to drive datacenter efficiency and reduce per-chip costs, directly supporting the stock’s upward movement.