# Nvidia's CEO just crowned the age of useful AI — optical stocks are surging, buy the dip on Lumentum and Coherent

_AI-generated trading idea · LONG · COHR, LITE, MRVL_

> Canonical page: https://commonquant.ai/research/for-you/nvidia-s-ceo-just-crowned-the-age-of-useful-ai-optical-stock--bde8d502-cf08-4cbc-a88b-9291ef4fd58d

Nvidia's CEO Jensen Huang went on stage and predicted that Marvell Technology will hit a $1 trillion valuation, calling this the age of 'useful AI.' His comments sparked a massive rally in optical networking stocks — the companies that make the high-speed connectors AI data centers desperately need.

## Idea

When Nvidia's CEO — the most influential voice in AI — publicly says a company will reach a $1 trillion valuation, the market listens. His comments about Marvell and the arrival of 'useful AI' lit a fire under optical component makers because these companies supply the high-speed connections that AI data centers can't function without. Lumentum and Coherent both rocketed on the news, but after a big surge these stocks often pull back before continuing higher. Waiting for a short cooldown and buying on a dip toward the 5-day average gives you a better price while still riding the wave of institutional interest in AI infrastructure.

## Key details

- Symbols: COHR, LITE, MRVL
- Timeframes: D
- Tags: \#ai\_infrastructure, \#momentum, \#optical\_networking

## Community

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## News sources

- [HPE Rises on Sales Outlook; Victoria's Secret Soars on Profit Beat \| Stock Movers](https://www.bloomberg.com/news/videos/2026-06-02/hpe-rises-on-sales-outlook-victoria-s-secret-soars-on-profit-beat-stock-movers) — Bloomberg
- [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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