Coherent, Lumentum rise after Nvidia commits $2 billion to each

Coherent

02/03/2026 13:25

** Shares of photonic product makers Coherent COHR.N and Lumentum LITE.O rise after Nvidia NVDA.O says it will invest $2 billion in each company

** COHR up 9.5% at $283.5, while LITE rises 8% to $756.9 in premarket trading

** Nvidia to invest in each company to support research and development, future capacity and operations as Coherent and Lumentum build out their U.S.-based manufacturing capabilities

** Nvidia signs non-exclusive agreements with COHR and LITE, which includes purchase commitments, future access and capacity rights for advanced laser and optical networking products

** LITE jumped more than four-fold in 2025, while COHR rose 94%

(Reporting by Harshita Mary Varghese in Bengaluru)

((HarshitaMary.Varghese@thomsonreuters.com))