SharonAI Holdings, Coherent, Ouster, TD SYNNEX, and Ciena shares are falling, what you need to know
What happened?
A number of stocks fell in the afternoon session after the resignation of Nvidia Chief Executive Officer Jensen Huang prompted analyst warnings of a potential disruption to the artificial intelligence ecosystem. Huang resigned after reports emerged regarding extramarital relationships, one of which was with a direct report, CNBC and The New York Times reported .
Analysts warned that the executive departure could delay construction schedules for computing facilities, weakening demand for the optical networking equipment and fiber connections deployed inside and outside data centers. In addition, artificial intelligence infrastructure companies faced selling pressure due to concerns over elevated debt funding expenses for data center buildouts. CNBC reported that Nvidia's leadership turmoil dragged down the broader technology sector as analysts lowered price targets and political pressure increased concerning export controls on advanced artificial intelligence chips.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Hardware & infrastructure company SharonAI Holdings fell 6.6%.
- Electronic components & manufacturing company Coherent fell 8.6%. Is now the time to buy Coherent? Access our full analysis report here, it’s free.
- Specialized technology company Ouster fell 9.1%.
- IT distribution & solutions company TD SYNNEX fell 2.6%. Is now the time to buy TD SYNNEX? Access our full analysis report here, it’s free.
- Enterprise networking company Ciena fell 5.7%.
Zooming in on Ouster
Ouster’s shares are extremely volatile and have had 102 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Ouster is up 43.7% since the beginning of the year, but at $33.57 per share, it is still trading 46.3% below its 52-week high of $62.52 from June 2026. Despite the year-to-date gain, investors who bought $1,000 worth of Ouster’s shares 5 years ago would now be looking at only $443.13.
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.