Nvidia's CEO hails the age of useful AI, optical stocks are rocketing — jump on the picks-and-shovels trade
Nvidia's CEO Jensen Huang publicly praised Marvell Technology and said the age of 'useful AI' has arrived. His comments are sending optical component makers — the companies that build the high-speed connections inside AI data centers — sharply higher.
Idea
When Nvidia's Jensen Huang speaks, the market listens — and he just predicted Marvell will hit a $1 trillion valuation while praising the entire optical component supply chain. Optical stocks like Lumentum and Coherent make the high-speed connectors that AI data centers desperately need, and demand is only growing as companies like Alphabet pour $80 billion into AI infrastructure. This isn't just hype; Hewlett Packard Enterprise also just raised its sales outlook specifically citing AI-driven server demand, confirming the spending is real and flowing through to suppliers.