Search results for Lumentum
AI & Enterprise
AI demand is near limitless, industry figures say, as chip stocks swing
Industry figures pushed back against market worries that demand for AI infrastructure is slowing. They said companies are becoming more sensitive to AI costs, but underlying demand for computing power and data centres remains strong and continues to exceed supply. They viewed moves by Meta and xAI to sell or lease spare capacity as exceptions rather than a sign of weakening demand. Executives said firms are changing how they adopt AI, focusing on value and shifting toward open-source and task-specific models.
AI & Enterprise
Nvidia emerges as major investor in AI ecosystem, puts in $40 billion this year
Nvidia is sharply increasing investment across the AI infrastructure supply chain, CNBC reported. The company has already made investment commitments of more than $40 billion in 2026 and is expanding its portfolio to listed companies. This week, it secured rights to invest up to $2.1 billion in data centre operator IREN and up to $3.2 billion in fibre optics company Corning. CEO Jensen Huang said it is not picking winners and aims to broaden the ecosystem.
Telecommunications & Media
Nvidia, Corning team up to build 3 U.S. optical manufacturing sites
Nvidia has signed a multi-year agreement with Corning to build three optical-technology production sites in the United States. The companies plan to build or expand advanced manufacturing facilities in North Carolina and Texas to produce optical technology for Nvidia, creating at least 3,000 jobs and expanding Corning’s U.S. optical manufacturing capacity tenfold. Corning shares jumped 14 percent and Nvidia rose about 3 percent after the announcement.
