Nvidia's CEO hypes optical networking stocks — ride the AI infrastructure wave on Lumentum and Coherent
Nvidia's CEO Jensen Huang publicly predicted Marvell Technology will reach a $1 trillion valuation and praised the company on stage at a major tech conference. His comments lit a fire under optical networking stocks like Lumentum and Coherent, which make the components that connect AI data centers together.
Idea
Nvidia's Jensen Huang rarely singles out other companies by name on stage — so when he predicted Marvell will hit a $1 trillion valuation, the market paid attention. His comments point to a wave of spending on optical networking gear that shuttles data between AI chips. Companies like Lumentum and Coherent are the picks-and-shovels suppliers that benefit regardless of which AI chip wins. With HPE also reporting surging AI-driven server demand the same day, the infrastructure buildout theme has multiple independent catalysts pushing it forward at once.