Nvidia to invest $2 billion each in Lumentum, Coherent to bolster AI processors


FILE PHOTO: FILE PHOTO: The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo

March 2 (Reuters) - Nvidia will invest $2 ⁠billion each in photonic product makers Lumentum and Coherent, as ⁠it looks to bolster its data center chips with technology that ‌can better cater to the growing need for faster AI processors.

Shares of Lumentum were up 5%, while Coherent rose 9% in early trading after the announcement on Monday.

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