IPG Photonics: Cyclical Recovery Can Help, But Core Markets Have Changed (NASDAQ:IPGP)

Core Insights - The article discusses the evolution of industries and the necessity for companies to adapt or risk obsolescence, highlighting IPG Photonics as a case study in the industrial fiber laser market [1] Company Analysis - IPG Photonics was once a technology leader in industrial fiber lasers, enjoying strong profit margins [1] - The competitive landscape has changed, with rivals catching up and leading to price reductions [1]