Northland Upgrades Coherent and Applied Optoelectronics Following Marvell-Lumentum Deal
Northland Capital Markets has upgraded both Coherent (COHR) and Applied Optoelectronics (AAOI) following the announcement of a deal between Marvell Technology (MRVL) and Lumentum (LITE). The analyst suggests that while some initial market excitement regarding Marvell's interest in Lumentum may have been fleeting, the news provides significant tailwinds for the broader AI optical components sector. The upgrades reflect an optimistic outlook on companies providing essential hardware for artificial intelligence infrastructure. Investors are closely watching how this consolidation or strategic movement impacts competitors and suppliers within the high-speed optical connectivity market.
Tickers: $AAOI $COHR $LITE $MRVL
Topics: AI Optical Group M&A Stock Upgrades
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Part of the story Northland Upgrades Coherent and Applied Optoelectronics Following Marvell-Lumentum Deal (2 articles)