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Coherent, Lumentum, and AAOI Jump in Premarket Trading Wednesday [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The stocks are rebounding from declines yesterday as excitement builds that NVIDIA's GTC confernece later this month will feature a heavy emphasis on optics stocks. NVIDIA's $4B investment into Coherent and Lumentum for photonics signals that solving AI data center interconnect bottlenecks is a top infrastructure priority. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE The optical and photonics sector is bouncing back in premarket trading Wednesday, with Coherent (Nasdaq: COHR), Lumentum (Nasdaq: LITE), and Applied Optoelectronics (Nasdaq: AAOI) all pushing higher after a rough Tuesday session. COHR and LITE are each up 4.2% in premarket trading, while AAOI is leading the trio with a 4.7% gain. A Market-Driven Pullback, Not a Fundamental One Yesterday's declines across the sector had little to do with company fundamentals. As covered in our prior reporting on Tuesday's session, markets sold off broadly as investors initially feared
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