Coherent Corporation (COHR) is known for making the lasers and optical networking tech that quietly power the world’s most advanced chips and artificial intelligence (AI) data centers. Recently, the company has been in the spotlight.
On Monday, shares jumped by mid-teen percentages after chip heavyweight NVIDIA (NVDA) announced an expanded, multiyear strategic partnership that includes a $2 billion investment in Coherent. The nonexclusive deal also carries a multibillion-dollar purchase commitment and future access and capacity rights for advanced laser and optical networking products.
