COHR News & Events

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.STRATEGIC PARTNERSHIP:Nvidiaand Marvellannounced a strategic partnership to connect Marvell to the Nvidia AI factory and AI-RAN ecosystem through Nvidia NVLink Fusion. The companies will also collaborate on silicon photonics technology. In addition, Nvidia has invested $2B in Marvell. The partnership builds on Nvidia NVLink Fusion, a rack-scale platform that enables customers to develop semi-custom AI infrastructure using the Nvidia NVLink ecosystem. Marvell will provide custom XPUs and NVLink Fusion-compatible scale-up networking, while Nvidia will provide the supporting technologies, including Vera CPU, ConnectX NICs, Bluefield DPUs, NVLink interconnect and Spectrum-X switches, and the rack-scale AI compute. For customers developing custom XPUs, NVLink Fusion enables a heterogeneous AI infrastructure fully compatible with Nvidia systems, allowing seamless integration with Nvidia GPU, LPU, networking and storage platforms while leveraging Nvidia's technology stack global supply chain ecosystem. The companies will also partner on telecommunication network into AI infrastructure with Nvidia Aerial AI-RAN for 5G/6G, and advance world-class networking for AI, including advanced optical interconnect solutions and silicon photonics technology.After Marvell and Nvidia announced a strategic deal that will see the latter invest $2B in Marvell to collaborate on telecom and data center AI development, Oppenheimer analyst Rick Schafer said the partnership expands Nvidia's AI ecosystem by integrating custom XPU paired with NVLink Fusion for high performance scale-up networking and views the deal as "a vote of confidence" in Marvell as a core AI partner in ASIC and connectivity. The firm, which also notes that Nvidia has been investing across the AI ecosystem recently with investments of $2B each in Synopsys, Nebius, Lumentumand Coherent, reiterates Outperform ratings on Nvidia and Marvell.Roth Capital maintained a Buy rating on Marvell with a $135 price target after the company formed a technology partnership with Nvidia. As part of the partnership, Nvidia announced a $2B equity investment in Marvell. Roth believes We believe the partnership supports "expectations of continued strong growth" at Marvell. The company is gaining traction providing core AI infrastructure to a diversifying base of hyperscale customers, the firm told investors in a research note.AI GLASSES:Meta Platformsits first prescription-optimized AI glasses in two new lightweight styles: Ray-Ban Meta Blayzer Optics and Ray-Ban Meta Scriber Optics. The company is also expanding its AI glasses selection with limited-time frame and lens colors for Ray-Ban Meta and Oakley Meta glasses. New software updates like hands-free nutrition tracking, WhatsApp summaries and recall by Meta AI, and Neural Handwriting are rolling out soon, Meta added.

After Marvell (MRVL) and Nvidia (NVDA) announced a strategic deal that will see the latter invest $2B in Marvell to collaborate on telecom and data center AI development, Oppenheimer analyst Rick Schafer said the partnership expands Nvidia's AI ecosystem by integrating custom XPU paired with NVLink Fusion for high performance scale-up networking and views the deal as "a vote of confidence" in Marvell as a core AI partner in ASIC and connectivity. The firm, which also notes that Nvidia has been investing across the AI ecosystem recently with investments of $2B each in Synopsys (SNPS), Nebius (NBIS), Lumentum (LITE) and Coherent (COHR), reiterates Outperform ratings on Nvidia and Marvell.

The major averages closed sharply higher after President Donald Trump said the U.S. and Iran have held talks and that he was ceasing plans to attack Iranian power plants and energy infrastructure. Of note, however, AP reported that two Iranian semi-official news agencies close to the paramilitary Revolutionary Guard claim that there have been no such negotiations. Following Trump's comments, oil prices sharply pulled back, while shares of airlines and cruise lines advanced.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Elon Musk plans to start his Terafab project, which will be run by Teslaand SpaceX, in Austin, Texas,U.S. Senators have introduced a bill aiming to ban sports bets on prediction markets,Activist investor Elliot Management has built a stake in Synopsys,Palantir'sMaven AI system will be adopted by the Pentagon as a core military system,Delta Air Linessaid thatat New York's LaGuardia Airport following the collision of an Air Canadaplane into a Port Authority firetruck that resulted in two pilot deaths2. WALL STREET CALLS:MongoDBto Outperform from Neutral at MizuhoRaymond JamesAeroVironmentafter share underperformanceValvolineto Buy at StifelMacquarieXPengwith 2026 volume growth "no guarantee"William Blaira handful of names in infrastructure software, including Backblaze, N-able, GitLaband Dropboxto Underperform3. AROUND THE WEB:Gileadis near a deal to buy Ouro Medicines for up to $2B, FT reportsOpenAI offers buyout firms sweeter deals than Anthropic, Reuters reportsSonyis close to a deal to sell a majority stake in its home entertainment business to Chinese rival TCL Electronicsin a deal that may be valued at about $1B, Bloomberg reportsUnited Airlinesplans to cut additional unprofitable flights over the next two quarters as it braces for sustained high jet fuel prices tied to the Iran war, despite strong travel demand and higher fares, Reuters saysMP MaterialsCEO James Litinsky has repositioned the company as a key U.S. rare earths supplier amid rising geopolitical tensions and Chinese export restrictions, CBS News reports4. MOVERS:Apogee Therapeuticsgained afterfrom Phase A of its Phase 2 APEX trial of zumilokibartTeraWulfadvanced after Areteof the stock with a Buy ratingEstee Lauder (EL) dropped after Puig Brandsconfirmed that it is in discussions regarding a potential business combination with the companyEquinordeclined after230MW Esquina do Vento onshore wind complex from VestasPG&Efell after Jefferiesthe stock to Hold5. EARNINGS/GUIDANCE:Talphera, with EPS higher year-over-yearOndasreportedand provided guidance for FY26 and Q1Solo BrandsprovidedCabaletta Bio, with EPS beating consensusChina Petroleum and Chemicalreported, with EPS and revenue lower year-over-yearINDEXES:The Dow rose 631.00, or 1.38%, to 46,208.47, the Nasdaq gained 299.15, or 1.38%, to 21,946.76, and the S&P 500 advanced 74.52, or 1.15%, to 6,581.00.

Tower Semiconductor (TSEM) and Coherent (COHR) announced a demonstration of 400 Gbps/lane data transmission using a silicon modulator built in a production-ready silicon photonics process. This achievement targets next-generation 3.2T optical transceivers and extends the capabilities of silicon for pluggable transceivers and Co-Packaged Optics in datacenter connections. Details of the modulator were presented last week at OFC. The demonstration showed a clear open eye at 420 Gb/s PAM4, and utilized Coherent's InP CW high power laser.