Xuan Gu Bao·2026-03-02 23:13Investment Overview - Nvidia has invested $2 billion each in Lumentum and Coherent to secure the supply of optical devices necessary for AI computing clusters [1] - Lumentum specializes in optical communication, with an order backlog exceeding $400 million for OCS by Q4 2025 [1] - Coherent focuses on OCS LCD solutions and laser sources, serving major clients like Google and Nvidia [1] Market Demand and Growth - The demand for high bandwidth and low power optical interconnects is surging as SerDes rates upgrade to 224Gbps and beyond [1] - OCS technology can reduce the power consumption of AI computing clusters by over 30% [1] - The market for OCS is projected to reach approximately $400 million by 2025 and exceed $2.5 billion by 2029, with a CAGR of 58% over four years [1] Industry Impact - The investment is expected to accelerate technological iterations in optical communication, optical modules, and CPO industries, promoting the trend of "optical into the cabinet" [1] - Major companies like Google are leading the commercialization of MEMS solutions, with significant volume expected by 2026 [1] - Other companies involved in CPO-related technologies include Ruijie Networks, H3C, and others, each contributing to advancements in optical communication devices and modules [1]