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S&P Dow Jones Indices said on Friday that data center equipment maker Vertiv , photonics product makers Lumentum and Coherent , and telecom company EchoStar will join its flagship S&P 500 index.
AI stocks Vertiv, Lumentum and Coherent, all with strong Nvidia ties, will join the S&P 500 before the open on March 23, along with EchoStar.
The changes highlight the growing weight of technology and communications infrastructure in the U.S. market.
Three stocks at the heart of the AI infrastructure boom just got their institutional stamp of approval.
Lumentum (LITE) delivered $665.5M revenue in Q2 FY26 and guided $780–830M next quarter, signaling accelerating AI infrastructure demand and pricing power. Nvidia invested $2B with multi-year supply commitments, confirming lasers and optics are becoming strategic AI infrastructure rather than optional components. Optical circuit switches backlog exceeds $400M with shipments expected in late-2026, creating a new high-margin growth engine beyond transceivers.
Credo Technologies (CRDO) shares climbed more than 10% on Thursday, while Lumentum (LITE) and Coherent (COHR) fell 2% and 3%, respectively, following comments f
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Nvidia is investing heavily in advanced laser technologies for AI data centers -- and these two companies are benefiting.
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SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced its speaker line-up at the 2026 Optical Fiber Communication Conference and Exposition (OFC) in Los Angeles. Company executives and technical experts will share their perspectives on the optical communication market, including challenges and opportunities, and the technology shaping the future of AI data centers and optical networks. The event will be held from March 15–19 at the Los Angeles Convention Center.
Wall Street analyst Alex Henderson of Needham offered the latest showcase of institutional bullishness on artificial intelligence (AI) when he upgraded his 12-month price target for Lumentum Holdings (NASDAQ: LITE) on March 4.
The optical and photonics sector is bouncing back in premarket trading Wednesday, with Coherent (Nasdaq: COHR), Lumentum (Nasdaq: LITE), and Applied Optoelectronics (Nasdaq: AAOI) all pushing higher after a rough Tuesday session.
Shares of Credo Technology (Nasdaq: CRDO), Lumentum (Nasdaq: LITE), and Applied Optoelectronics (Nasdaq: AAOI) were hammered Tuesday, with CRDO down 15%, LITE off 11%, and AAOI sliding 7% as investors rushed for the exits after a massive sector-wide surge yesterday.
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Lumentum Holdings Inc. (LITE) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
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Nvidia announced financially significant partnerships with both Coherent and Lumentum to develop optical technology for AI data centers. Smaller optical stocks nLIGHT and Applied Optoelectronics jumped even higher despite not being part of the Nvidia deals.
While today's headlines are dominated by the escalating kinetic conflict with Iran, capital continues to pour into artificial intelligence infrastructure at an extraordinary pace.
Lumentum (LITE) and Coherent (COHR) moved higher after Nvidia (NVDA) revealed it is deepening ties with both companies as it builds out the optics layer behind