By Denny Jacob
Shares of Coherent gained after the optoelectronics company said it would collaborate with chip company Nvidia on silicon photonics networking switches.
Coherent stock was trading 6% higher, at $69.35, midday Wednesday. The shares are up 20% over the last year.
The Saxonburg, Pa., company said Tuesday the Nvidia collaboration would use co-packaged optics. Coherent added that the ecosystem would allow artificial-intelligence factories to connect millions of graphics processing units, or GPUs.
Chief Executive Jim Anderson said the company expects co-packaged optics will further accelerate the expansion of optical networking in the data center.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 19, 2025 14:13 ET (18:13 GMT)
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