Movement Alert|Coherent Rises 3.28% Overnight, NVIDIA After-Hours Earnings Catalyze Optical Communications Sector Strength

Market Focus
1 hour ago

On August 27, Coherent rose 3.28% overnight, trading at 306.15 USD/share, with turnover of 48,000 USD. On the news front, NVIDIA released its quarterly earnings report after hours, with optimistic market expectations for AI chip demand and data center capital expenditure outlook continuing to catalyze the optical communications sector.

As a core supplier of optical interconnects for AI data centers, Coherent previously reported fiscal Q4 revenue of $2.05 billion, representing 34% year-over-year growth, and projected that single-quarter revenue would surpass $3 billion for the first time. Additionally, the company recently announced it will unveil its PhotonLink platform at the ECOC conference in September, while also beginning customer sampling of 300mm high thermal conductivity silicon carbide substrates, further expanding its product portfolio. Peer stock Corning rose 2.95% on the same day, reflecting broad sector recovery.

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