Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTIan CooperSun, June 7, 2026 at 6:00 PM GMT+2 3 min readEarlier this week, shares of Lumentum (LITE) rallied from about $806 to $1,049. Nvidia (NVDA) CEO Jensen Huang praised Marvel (MRVL), a maker of optical components, as the next potential trillion-dollar company. Not only did that spark a massive rally in Marvell shares, but it also sparked a rally in other optical-component stocks, like LITE.www.barchart.comwww.barchart.comInvestors are rushing to buy optical networking companies, like LITE, because they’ve become an essential part of the artificial intelligence boom. That’s because optical networking, which transmits data as pulses of light, can deliver far more bandwidth and higher speeds than traditional copper wiring. In addition, Nvidia announced a $2 billion multi-year agreement with LITE in March to help accelerate the adoption of advanced optical technologies. Together with Lumentum, Nvidia is advancing the world’s most sophisticated silicon photonics to build the next generation of gigawatt-scale AI factories,” said Jensen Huang, as quoted in a company press release.More News from BarchartBillionaire Charlie Munger Was Asked Why Warren Buffett Is ‘So Much Richer’ Despite Being Partners — ‘Why Was Albert Einstein Poorer Than I Was?’Dear Qualcomm Stock Fans, Mark Your Calendars for June 24