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Coherent stock price soars, CEO to visit China with Trump's delegation
Investing.com -- Coherent's stock price continued to rise around 11 a.m. on Monday, with an increase of nearly 13%. Previously, Bloomberg reported that the company's CEO Jim Anderson would accompany the U.S. presidential delegation to Beijing to attend the summit with China's top leaders.
According to White House officials, Elon Musk, Larry Fink, and David Solomon are among the senior executives invited to join the U.S. delegation.
White House officials stated that executives from Boeing, GE Aerospace, Cargill, Illumina, Visa, Micron Technology, Qualcomm, Cisco Systems, Coherent, Blackstone Group, Citigroup, Mastercard, Meta, and Apple are also expected to accompany the visit.
Trump will visit China this week to meet with China's top leaders. The visit is scheduled from May 13 to 15 and will be the first time in nearly a decade that a U.S. president has visited China, coinciding with a critical juncture in the development of relations between the world's two largest economies.
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