Why Lumentum, Coherent and other optical stocks are rocketing toward big gains
Semis
Jensen Huang's comments at Marvell's analyst day explicitly endorsed optical interconnects over copper, triggering a sector-wide surge with COHR +17.6% and MRVL +32.5% on the day. The AI infrastructure buildout narrative is now explicitly tied to optics, setting up a rotation trade as late money chases the move.
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Angle
↓ SHORT-12% target+5% stop2-3 weeks
Fade the gap-day euphoria on COHR — insider selling, no price target anchor, and a 17% single-day rip invites a 10-15% pullback into the next consolidation zone.