Coherent Corp. (COHR): AI Optical Networking Pick Roasts Its Own Valuation
Coherent Corp. makes the lasers and optical components that move data inside AI datacenters — a genuine picks-and-shovels play with record earnings and 300%+ returns in a year. But at a GAAP P/E of 243 and already up massively, the recommendation is asking you to catch a falling knife after the run has already happened.
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