By Simply Wall St
Publication Date: 2026-03-03 10:08:00
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Coherent (NYSE:COHR) announced an expanded alliance with NVIDIA, centered on advanced optics for next generation AI data center infrastructure.
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The agreement includes a multiyear technology collaboration, a $2 billion investment from NVIDIA, and a multibillion dollar purchase commitment for Coherent products.
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The partnership is aimed at scaling optical interconnects and U.S. based manufacturing that support AI workloads.
For investors watching NYSE:COHR, this news follows a period of very strong share price performance. The stock closed at $298.91 and is up 20.1% over the past week, 40.9% over the past month, and 53.8% year to date. Over the past year the return has been very large, and on a three year basis the move is roughly 7x, underscoring how closely the market has been tying Coherent to the AI build out.
The new collaboration and long term purchase commitments highlight Coherent’s role in supplying optics for AI infrastructure, which many investors view as a key bottleneck in scaling data centers. With NVIDIA committing both capital and volume, the focus from here will likely be on execution, manufacturing ramp, and how much of this AI optics demand Coherent can convert into durable revenue and cash flow over time.
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