When the CEO of a company as influential as Nvidia (NVDA) speaks, Wall Street pays attention. And that was on full display on June 2, when Coherent Corporation (COHR) shares surged after Nvidia CEO Jensen Huang praised Marvell (MRVL) and underscored the growing importance of optical networking as artificial intelligence (AI)-driven data centers are rebuilt for the next generation of computing. Although Huang’s remarks were primarily directed at Marvell, they put the spotlight on the entire optical networking space, giving companies like Coherent a major lift.
The stock soared an impressive 17.6% on June 2 and climbed to a new 52-week high of $440 on June 3. For those unfamiliar with the company, Coherent produces the lasers, transceivers, and optical components that move data at the speed of light across data centers and global communication networks, the behind-the-scenes infrastructure that powers the AI revolution. The stock has already delivered a strong performance so far in 2026, and with Nvidia’s CEO shining a spotlight on the accelerating demand for high-speed optical connectivity, Coherent may be a name investors will want to watch more closely.
