Coherent stock surges, leading optical names higher after EV product announcement
Shares of Coherent Corp. were surging about 20% in Wednesday action and powering toward their best day in more than three years after the optoelectronics company announced a new product that it says will serve electric-vehicle applications.
“The... Shares of Coherent Corp. were surging about 20% in Wednesday action and powering toward their best day in more than three years after the optoelectronics company announced a new product that it says will serve electric-vehicle applications. “The exponential growth in battery manufacturing for electric vehicles is driving the demand for next-generation laser processing systems that can produce the highest-quality welds in batteries while accelerating manufacturing throughput and maintaining competitive cost of ownership,” the company said.
See more on EVs: Here’s why Tesla’s latest EV-charging deal is more problematic for EVgo than ChargePoint
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Transposon signatures of allopolyploid genome evolution - Nature CommunicationsAssigning assembled chromosomes to subgenome in allopolypoid genome analysis is challenging. Here, the authors report a statistical formwork for identifying evolutionarily coherent subgneomes relying on transposable elements to group chromosomes into sets with shared ancestry and apply it in cyprinids, false flax and strawberry.
Read more »
Elliot Page to Star in Indie Drama ‘Close to You’Elliot Page is starring in “Close to You,” an independent drama about love, family and identity. Dominic Savage (“I Am Ruth”) directed the film, which recently wrapped produ…
Read more »
TSMC stock outpaces chips on report Nvidia AI order boosted capacity useU.S. shares of Taiwan Semiconductor Manufacturing Co. outpaced the broader chip sector Monday following a report that increased AI-related orders from Nvidia...
Read more »
Apple stock climbs to record closing high a week after WWDCApple’s stock rose 2.8% to close at a new all-time closing high the week following the tech giant’s WWDC event. That surpasses the stock’s previous closing record of $182.01, set on Jan. 3, 2022:
Read more »
Jump in cloud revenue lifts Oracle's results, and stock gains after hoursShares of Oracle were up after hours on Monday after the IT and cloud infrastructure provider reported fiscal fourth-quarter results that topped expectations.
Read more »
Investors increasingly expect U.S. stock-market rally to continue as bears finally surrenderA roundup of recent surveys of individual and professional investors point to new optimism about the stock market.
Read more »