Why Are Shares of These 2 Optics Tech Companies Soaring?
2026-03-05 10:35:00 ET
Shares of optics technology companies Lumentum Holdings (NASDAQ: LITE) and Coherent (NYSE: COHR) soared this past Monday. Lumentum rose 12% during the trading session, while Coherent climbed more than 15%. What's going on with these two companies? And should investors consider investing in them?
This past Monday morning, artificial intelligence (AI) chip manufacturing giant Nvidia announced plans to invest $2 billion in each of the two companies.
Nvidia said that its deal with Lumentum is a multi-year strategic agreement to accelerate innovation in advanced optics technologies. It includes access rights to the company's advanced laser components. These are critical for scaling AI factories and improving the energy efficiency and resiliency of large-scale AI networks and data centers , according to the press release.
NASDAQ: COHR
COHR Trading
10.02% G/L:
$266.375 Last:
4,860,778 Volume:
$259 Open:
