Coherent's OFC 2026 AI Optics and Nvidia Deal Raises Valuation Concerns

Coherent presented new optical networking and AI datacenter products at OFC 2026, including advanced co-packaged optics. The company announced a multiyear supply agreement and large investment partnership with Nvidia focused on AI infrastructure. The stock trades at $275.57 and has logged a 41.8% return year to date. The new products and Nvidia partnership position Coherent more firmly within the supply chain that supports AI datacenters and high-speed networking.