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Stock impact report

Why Are Shares of These 2 Optics Tech Companies Soaring? [Yahoo! Finance]

Lumentum Holdings Inc. (LITE) 
Last lumentum holdings inc. earnings: 2/4 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Shares of optics technology companies Lumentum Holdings (NASDAQ: LITE) and Coherent (NYSE: COHR) soared this past Monday. Lumentum rose 12% during the trading session, while Coherent climbed more than 15%. What's going on with these two companies? And should investors consider investing in them? This past Monday morning, artificial intelligence (AI) chip manufacturing giant Nvidia announced plans to invest $2 billion in each of the two companies. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Nvidia said that its deal with Lumentum is a multi-year strategic agreement to accelerate innovation in advanced optics technologies. It includes access rights to the company's advanced laser components. These are critical for scaling AI factories and improving the energy efficiency and resiliency of large-scale AI netw Show less Read more
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