Nvidia's CEO hypes optical computing at Computex — catch the rally in Lumentum and Coherent
Nvidia's CEO Jensen Huang publicly praised Marvell Technology and said it could reach a $1 trillion valuation. His comments sparked a rally in optical component makers like Lumentum and Coherent, which supply parts for AI data centers.
Idea
Nvidia's CEO just told a massive tech conference that Marvell could be worth $1 trillion, and that the age of 'useful AI' has arrived. That endorsement lit a fire under optical component stocks like Lumentum and Coherent — the companies that make the high-speed connectors and lasers AI data centers can't function without. These are the 'picks and shovels' of the AI buildout: they win whether it's Nvidia, Alphabet, or Anthropic dominating the software side. With big tech collectively pouring hundreds of billions into AI infrastructure, demand for optical components should keep climbing.