Coherent

Headlines · 4

1. 4h
   US chip stocks post longest selloff since 2006; short sellers up $3.2B

   The Philadelphia Semiconductor Index fell more than 12% over the past seven sessions, handing investors who shorted chip stocks an estimated $3.2 billion in paper gains, according to S3 Partners data cited by Bloomberg. The index declined for an eighth straight session on Oct. 16, on track to match its longest losing streak since 2006, with 20 of its 30 components down more than 10% — Coherent dropped nearly 30%, while Astera Labs, MACOM and Credo Technology each fell over 20%. Worries about higher rates, stretched valuations and the vast scale of AI infrastructure spending pushed the S&P 500 toward a 1.7% weekly loss and the Nasdaq 100 toward a 5% drop; traders shorting AI cloud provider CoreWeave gained more than $1 billion on paper this week, and credit default swap pricing implies a better-than-50% chance of default within five years.

   IT之家 AI · 🔥 9
2. 5d
   Lumentum says AI optical part capacity is sold out into early 2029

   Lumentum CEO Michael Hurlston said in a Tokyo interview that demand for the company's optical components continues to outstrip supply as tech firms race to build faster AI data centers, with capacity fully sold out and shortages expected to persist into early 2029. Bloomberg reported that about 70% of demand for some products will remain unmet into 2027, while other products face roughly a 30% supply gap that will be hard to close through 2028; constraints have worsened versus six months ago. Counterpoint Research said Lumentum and Coherent, Nvidia's silicon-photonics co-packaged-optics partner, may be unable to fill the gap left by Chinese suppliers such as Innolight even if Washington moves to restrict new Chinese optical transceiver modules.

   科技新报 · 🔥 0
3. Oct 9
   Innolight's triple bind as optical modules become a policy flashpoint

   An analysis piece lays out three pressures on Chinese optical-module maker Innolight: faster catch-up by peers that shortens each product generation's advantage and pushes prices down; platform players such as Nvidia reshaping system definition through NPO/CPO and locking up upstream optics (it says Nvidia invested $2bn each in Lumentum and Coherent in March 2026); and US market-access rules built on equipment authorisation and covered lists, after Reuters reported in August that the FCC was drafting restrictions and four senators proposed a bill in September targeting sensitive federal systems with a five-year transition. It cites Innolight at roughly 22.4% of the 2025 global optical-module market, with US revenue rising from 57.3% in 2025 to 61.7% in Q1 2026, and H1 2026 revenue of RMB 41.78bn with net profit of RMB 13.65bn.

   虎嗅 AI · 🔥 0
4. Oct 8
   OpenAI annualized revenue nears $50B, ~$20B below prior reports

   OpenAI has told investors its annualized revenue was approaching $50 billion at the end of September, according to people familiar with the matter — roughly $20 billion below figures in other recent reports, including The Information's own. AI-linked shares including Nvidia, Oracle and CoreWeave fell after the news, and the Nasdaq briefly dropped more than 300 points. A Chinese-language analysis attributes the gap mainly to accounting: Anthropic books cloud-partner sales on a gross basis, while OpenAI records only its own share.

   Bloomberg Technology · 🔥 0

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