In the tech sector, optical networking stocks rallied on comments…
In the tech sector, optical networking stocks rallied on comments from Nvidia CEO Jensen Huang, highlighting their critical role in artificial intelligence data centers. Coherent and Lumentum Holdings shares surged in response. Marvell Technology also saw gains after Huang suggested it could be 'the next trillion-dollar opportunity' at Computex. However, Cantor Fitzgerald's CJ Muse cautioned investors, arguing Huang's comment was figurative cheerleading rather than a literal forecast for substantial AI upside.
- In the tech sector, optical networking stocks rallied on comments from Nvidia CEO Jensen Huang, highlighting their critical role in artificial intelligence…
- Coherent and Lumentum Holdings shares surged in response
- Marvell Technology also saw gains after Huang suggested it could be 'the next trillion-dollar opportunity' at Computex
- However, Cantor Fitzgerald's CJ Muse cautioned investors, arguing Huang's comment was figurative cheerleading rather than a literal forecast for substantial AI upside