Lumentum, Coherent Stocks Drop as Nvidia Hopes Fade. Their Tech Is Too Advanced.

Core Viewpoint - Lumentum and Coherent stocks experienced a decline following comments from Nvidia CEO Jensen Huang regarding the continued use of copper cables by Nvidia [1] Company Impact - Lumentum's stock price dropped as a direct response to Nvidia's announcement, indicating potential concerns about the demand for optical components [1] - Coherent also saw a decrease in its stock value, reflecting market reactions to Nvidia's strategy and its implications for the optical industry [1] Industry Implications - Nvidia's decision to stick with copper cables may suggest a slower transition to advanced optical technologies, which could impact companies like Lumentum and Coherent that are involved in optical networking solutions [1]