Shares of materials and photonics company Coherent (NYSE:COHR) jumped 12.6% in the afternoon session after Raymond James analyst Simon Leopold upgraded the stock's rating alongside Lumentum from Outperform to Strong Buy following positive updates from Nvidia's annual GPU Technology Conference and Corning's analyst day meeting.
Nvidia’s Spectrum-X Photonics and Quantum-X Photonics networking switches use high-power, high-efficiency lasers to reduce power consumption and make the system more resilient.
Nvidia Corp CEO Jensen Huang set to unveil next AI hardware at GTC 2025. JPMorgan analyst identifies potential winners in hardware and networking supply chain.
While artificial intelligence will be in the spotlight at chip maker Nvidia's GTC conference this week, another technology development will be under the radar.
Coherent introduces its 793nm pump laser diode with 28W power and 97% polarization purity, set to revolutionize the Thulium fiber laser market. This technology enhances medical treatments by providing safer, faster, and more efficient solutions, improving patient outcomes and reducing costs.
JPMorgan analyst weighs in on hardware and networking sector, suggests companies with software-driven hardware and infrastructure focus will weather the storm.
