Credo Surges as Broadcom Delays AI Optics Shift to 2028
Broadcom confirms major AI customers will stick with copper cables in racks through 2028, boosting Credo shares while Lumentum and Coherent dip after Nvidia's optics investments.
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NVIDIA Goes All-In on Optics — $2B Each to Lumentum and Coherent
NVIDIA commits $4B ($2B each) to Lumentum & Coherent to advance silicon photonics and energy-efficient AI infrastructure. Stocks jump.
Citi’s Bullish Bet: Lumentum to $800, Corning to $170 Before OFC Conference
Citi hikes price targets on Lumentum to $800 and Corning to $170, citing strong roles in AI networking ahead of the key Optical Fiber Communication conference in March 2026.
Meta Teams Up with Corning for $6B Fiber-Optic Deal to Boost AI Data Centers
Meta signs a multiyear $6 billion agreement with Corning to supply fiber-optic cables, expand U.S. AI data centers, and create skilled jobs in North Carolina.
TSMC's $56 Billion Bet: Chip Giant Goes All-In on AI Future
TSMC announces massive $56B spending plan for 2026, signaling confidence in AI boom. Strong earnings and expansion plans boost tech sector optimism.
Broadcom Stock Falls on Vague AI Outlook, Margin Concerns
Broadcom shares dropped despite $73B AI backlog and strong earnings as CEO declined 2026 forecast and warned of narrowing profit margins.