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-0.00171729912919256 -0.00439203051625353 0.00113980030698622 0.00135256303095696 -0.0195741706053099 -0.0209267336362669 -0.0615416179085424 -0.052864698104892
Stock impact report

Coherent Nvidia Alliance Puts AI Optical Infrastructure In Investor Focus [Yahoo! Finance]

Lumentum Holdings Inc. (LITE) 
Last lumentum holdings inc. earnings: 2/4 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Coherent (NYSE:COHR) has entered a multiyear alliance with NVIDIA that includes a $2 billion investment into Coherent. NVIDIA has also agreed to multibillion dollar purchase commitments for Coherent's advanced laser and optical networking products. The partnership focuses on accelerating next generation optics and expanding U.S. manufacturing capacity for AI data center infrastructure. For investors watching AI infrastructure, Coherent is moving into the spotlight. The stock trades at $274.86 and has logged a 41.4% return year to date and a 282.6% return over the past year. That move, combined with this new NVIDIA alliance, puts NYSE:COHR firmly on the radar of investors tracking picks and shovels for AI growth. The deal positions Coherent as a key supplier of optical and laser components that support large AI data centers. As the partnership unfolds, investors may fo Show less Read more
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