Key facts
- Coherent Corp. stock reached an all-time high of $427.29.
- NVIDIA CEO Jensen Huang praised optical interconnects for AI data centers.
- Coherent reported Q3 fiscal 2026 revenue of $1.81 billion, up 21% year-over-year.
- Data center products have book-to-bill ratios exceeding 4x in recent quarters.
- NVIDIA made a $2 billion strategic equity investment in Coherent in early 2026.
- Coherent stock is up approximately 126% year-to-date.
Coherent Corp. (COHR) reached a new all-time high of $427.29, marking an increase of approximately 17.7% on Tuesday. This surge was primarily driven by positive comments from NVIDIA CEO Jensen Huang regarding optical interconnects in AI data centers. While Marvell Technology also saw a significant jump of 25%, Coherent, a manufacturer of optical transceivers and components, quietly achieved its new record high. Coherent reported Q3 fiscal 2026 revenue of $1.81 billion, a 21% year-over-year increase, with book-to-bill ratios in its data center products exceeding 4x in recent quarters. NVIDIA had previously made a $2 billion strategic equity investment in Coherent in early 2026, which included multi-year purchase commitments. The company's stock has risen approximately 126% year-to-date and about 455% from its 52-week low. Recent analyst price targets from TD Cowen, Rosenblatt, and Stifel averaged $410.67, now below the current trading price.