Mentioned:
Nvidia is making a multi billion dollar bet on something new: photonic technology.
What’s happening:
- Nvidia (NASDAQ: NVDA) has made a new strategic investment of $2B USD into both Lumentum (NASDAQ: LITE) and Coherent (NYSE: COHR)
Why it matters:
- This is the single largest investment Nvidia has ever made into publicly traded photonic technology companies
Going deeper:
- Nvidia’s strategic investment into Lumentum comes with a multi billion dollar purchase commitment for advanced photonics hardware and access rights for advanced laser components
- Coherent and Nvidia also have agreed to a multi billion dollar purchase commitment for optical networking products as part of Nvidia’s new equity stake
