Companies / COHR
NYSECoherent Corp (COHR) in our theses
Coherent Corp appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The AI bottleneck moves from chips to the network: all that 1.6 Tb/s of bandwidth hangs on a handful of InP laser makers
The AI boom is shifting the bottleneck from silicon to the network: 1.6 Tb/s modules rest on indium phosphide EML lasers, made by a handful of companies.
Why this company: Vertically integrated: in-house InP substrates and epitaxy, EML lasers, and finished 800G and 1.6 Tb/s modules. Control of the bottleneck gives it both volume and pricing power through the AI cycle.
What changed in the annual filing
We line the risk section of this year's 10-K up against last year's and keep only what actually changed. Below is the most material change from the latest comparison.
What changed: COHR removed a specific risk disclosure warning that algorithmic efficiencies and emerging AI models like DeepSeek could reduce datacenter computing power requirements and subsequent demand for its products.
Read it on SEC EDGAR ↗See the full filings radar →
Open in Invesaro →Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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