Coherent and Lumentum Holdings shares surged on Tuesday as investors piled into optical networking stocks. The rally followed comments from Nvidia Chief Executive Jensen Huang, highlighting the growin
Coherent, Lumentum, and Corning stocks surge Tuesday after Nvidia CEO Jensen Huang talks up optical networking demand.
The optics complex is rallying together at midday Tuesday, and the leadership has flipped from yesterday.
When NVIDIA Corp. (NASDAQ:NVDA) CEO Jensen Huang said data centers are being rewired around optical interconnects, most traders ran straight to Marvell Technology (NASDAQ:MRVL).

Coherent: This Party Is Here To Stay

12:27am, Tuesday, 02'nd Jun 2026
Coherent is initiated at a buy rating, supported by accelerating growth, robust Q4 guidance, and a long-term optical/photonics opportunity. Q3 saw 21% YoY revenue growth, 55% EPS growth, and expanding
Shares of Applied Optoelectronics (NASDAQ:AAOI) are up 20% in midday trading to around $190, snapping back hard from a Friday close of $158.41.
Nvidia owns a small group of stocks.
Fund manager Gavin Baker identified a "cross-sectional inefficiency" in AI stocks. He argued that valuations can't be accurate for both the cheap and expensive stocks in AI.
On May 29, 2026, Coherent Corp (COHR) shares fell 4.1% to $361.47. This decline comes in the context of a 52-week trading range that has seen prices as high as
Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 9% midday Friday to roughly $154, leading a broader cool-off in AI optics names.
Coherent's AI infrastructure demand, rising bookings and strong liquidity give COHR an edge over APP's premium valuation.
The AI boom has already burned through one shortage after another.
AXTI is gaining momentum in AI photonics as record backlog, rising indium phosphide demand and capacity growth fuel its early-cycle story.
CIEN posts record $1.43B Q1 and $7B backlog while COHR ramps 800G/1.6T and CPO with NVIDIA.
Keith Kaplan, CEO of TradeSmith, has spent recent months mapping what he calls the "choke points" of the AI build-out—the physical bottlenecks where trillion-dollar demand is running into a world th
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