Analyst rethinks under-the-radar stock backed by Nvidia

Nvidia’s (NVDA) backing is often seen as a vote of confidence in a company’s technology and growth potential. The U.S. chip giant announced this week that it will invest $2 billion in Lumentum Holdings (LITE) and another $2 billion in Coherent Corp. (COHR), as it looks to strengthen supply chains needed for the massive buildout of AI infrastructure. Both companies develop optical technologies that use light to transmit data or perform sensing functions. Faster data transit is critical for running AI mode ...