Nvidia's CEO hails Marvell and optical stocks explode — catch the AI hardware breakout
Nvidia's CEO Jensen Huang went on stage and said Marvell Technology could hit a $1 trillion valuation, calling this the era of 'useful AI.' His comments lit a fire under optical component makers like Lumentum and Coherent, whose parts are essential for AI data centers.
Idea
When the most influential voice in AI — Nvidia's Jensen Huang — publicly predicts Marvell will reach a $1 trillion valuation, investors take notice. Optical component makers like Lumentum and Coherent are the picks-and-shovels plays here: their lasers and connectors are what physically move data through AI data centers. The enthusiasm is spilling across the entire optical supply chain. These mid-cap companies tend to move fast when big AI spending headlines hit, and the trading volume surge suggests institutional money is piling in.