# Nvidia hype boosts optical suppliers — ride the momentum on Lumentum and Coherent

_AI-generated trading idea · LONG · COHR, LITE_

> Canonical page: https://commonquant.ai/research/for-you/nvidia-hype-boosts-optical-suppliers-ride-the-momentum-on-lu--ae1b49f8-644a-4786-b3c7-00cfcc551379

Nvidia's CEO made positive comments about optical component makers, causing a massive surge in the stock prices of companies that supply this hardware.

## Idea

When a tech leader like Nvidia highlights a specific sector, it often attracts a wave of new investor interest. Optical component makers are crucial for building the massive data centers needed for artificial intelligence. This gives them a solid fundamental backdrop beyond just the initial hype. We are likely to see continued upward momentum as investors look for new ways to bet on the AI boom. Getting in on these supplier companies offers a smart way to ride the broader tech rally.

## Key details

- Symbols: COHR, LITE
- Timeframes: 1D
- Tags: \#ai, \#momentum, \#hardware

## Community

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## News sources

- [Why Lumentum, Coherent and other optical stocks are rocketing toward big gains](https://www.marketwatch.com/story/why-lumentum-coherent-and-other-optical-stocks-are-rocketing-toward-big-gains-d5a2e9c7?mod=mw_rss_topstories) — MarketWatch

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