Lumentum Holdings

Lumentum Holdings Inc. has secured a multiyear strategic agreement with Nvidia, involving a multibillion-dollar purchase commitment and a $2 billion investment. This will support Lumentum Holdings Inc.'s R&D, future capacity, and operations, including building a new U.S.-based manufacturing facility, significantly boosting its role in advanced optics for AI.

Lumentum Holdings, an optical communications provider, has posted double-digit gains this year due to increased investor interest in AI infrastructure.

Nvidia invested $2 billion in Lumentum, a company that makes lasers for co-packaged optics, which could speed up connections between chips in data centers.

Nvidia invested $2 billion in Lumentum Holdings, a company that makes lasers for sending information between chips. This investment highlights Nvidia's strategy to enhance chip communication.

Nvidia has invested in Lumentum Holdings, an optical networking company, to advance technologies for faster communication between processors in large AI data centers.