Coherent Corp Soars on Nvidia’s $2B Bet and AI Demand Surge

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2026-05-24 15:27:02

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Coherent Corp's stock skyrocketed following a fiscal Q3 earnings beat and a strategic $2 billion investment from Nvidia. The company's AI-focused optical transceivers are now fully booked through 2028, underscoring unprecedented demand in high-speed data infrastructure.

Bank of America raised its price target on COHR as the stock delivered a 351% return over the past year. Nvidia's endorsement validates Coherent's technology stack at a time when AI workloads are straining global data center capacity.

The market response was immediate—shares surged 94% year-to-date to $373.52. Optical components have become critical infrastructure as hyperscalers race to upgrade networks for generative AI applications.

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