Nvidia's CEO crowns Marvell the next trillion-dollar company — ride the optical networking ripple into Lumentum and Coherent
Nvidia's CEO Jensen Huang publicly endorsed Marvell Technology as 'the next trillion-dollar company' at Computex, and Alphabet announced an $80 billion AI infrastructure ramp. The enthusiasm is spilling over into companies that make optical networking parts—like Lumentum and Coherent—which connect AI data centers together.
Idea
When the most influential figure in AI singles out a company on a global stage, it tends to draw a wave of new buyer interest over days and weeks, not just hours. Marvell is already surging 18%, but optical component makers like Lumentum and Coherent are still catching up as investors realize these are the picks-and-shovels suppliers that every AI data center needs. With SoftBank also announcing a €75 billion French data hub, the pipeline of AI infrastructure spending keeps growing, which should sustain demand for optical networking gear. This creates a compelling follow-through opportunity in the suppliers that enable high-speed AI connections.
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News sources
- Marvell stock soars as Nvidia CEO calls chipmaker 'the next trillion-dollar company' — Yahoo Finance
- Broadcom Jumps 6% on Alphabet $80B AI Raise, Marvell Soars 18% on Jensen Huang's $1T Endorsement — Yahoo Finance
- Why Lumentum, Coherent and other optical stocks are rocketing toward big gains — MarketWatch