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Stock impact report

Why Is Coherent (COHR) Stock Soaring Today [Yahoo! Finance]

Lumentum Holdings Inc. (LITE) 
Last lumentum holdings inc. earnings: 2/4 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
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. Leopold addressed market concerns over Co-Packaged Optics, a technology that integrates optical transceiver (essentially a laser that beams data) and silicon chips (the computer's brain) in one package. This means that information no longer needs to travel long distances, boosting efficiency and speed. Some investors had been worried about its (Co-Packaged Optics) impact on these companies, but Leopold felt those concerns were overblown. Notably, as Nvidia introduced its first co-packaged optics silicon photonics system, Lumentum contributed lasers, while Coherent played a key role in silicon photonics. Providing additional context, Nvidia CEO Jensen Huang highlighted the critical role of silicon photonics in enabling large-scale GPU interconnectivity. He explained, "The challenge with scaling ou Show less Read more
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