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Coherent is core infrastructure that provides easy-to-use APIs for web3 data, enabling application developers to quickly create rich user experiences. All of Coherent's enriched APIs provide useful data for web3 applications, eliminating the need for hard-to-read hashes and providing human-readable data on wallets and users.
Guidance raised to $1.25 billion as Lumentum's 1.6T and OCS businesses accelerate
Odaily News: Paradis Labs stated on the X platform that the key takeaways from Lumentum's earnings call are as follows. 1. EML. Lumentum reported strong EML performance this quarter, driven primarily by 100G-per-channel products. Growth for 200G-per-channel products is "accelerating rapidly," now accounting for over 25% of total EML revenue. Lumentum still expects EML shipments in December 2026 to grow by more than 50% compared to December 2025, even as it shifts some production capacity to CW lasers during this period. Lumentum has added sales of CW laser chips for 200G-per-channel applications to "numerous customers," moving beyond internal use only. The company is expanding two indium phosphide wafer fabs in Japan and is validating production processes for 200G and 300G-per-channel CW lasers and EMLs on its latest equipment. Coherent will report earnings tomorrow, with its business also involving 200G-per-channel EMLs and 400-milliwatt CW lasers. The market is watching whether its 6-inch indium phosphide wafers can deliver a cost advantage, and whether Lumentum will need to respond by improving yields. 2. CPO and NPO. Lumentum stated that the leading CPO customer's production plans "remain on track," with customer demand signals stronger than at the time of the last update. The company now expects laser shipments to begin ramping in the second half of next year, earlier than the customer's large-scale deployment scheduled for 2028. Lumentum has received its first order for ELS modules, with delivery scheduled for the second half of 2027. Other customers are primarily prioritizing NPO as an interim solution. The company said NPO will "bring fully incremental business and significantly expand the total addressable optical market," with even its largest CPO customer evaluating NPO for certain new application scenarios. AAOI expects to ramp ELSFP capacity to approximately 400,000 units per month by 2028. Sivers Semiconductors' external indium phosphide light sources are gradually being adopted for CPO and NPO applications. Lumentum, as the largest commercial laser manufacturer, has already procured products related to the ELS architecture, indicating the architecture has gained validation through real orders. 3. Cloud transceivers and 1.6T. Lumentum's 800G business set a record and began volume shipments of 1.6T products as planned. The company said its visibility into future cloud transceiver demand is "clearer than ever before." The 1.6T business will continue to strengthen from the first fiscal quarter through 2027, driven primarily by hyperscalers' custom AI clusters accelerating the transition from 800G to 1.6T. Lumentum stated that in many cases, it achieved product launch earlier than its larger competitors, and it expects this market share advantage to persist throughout the cycle. Transceiver business profitability is improving, driven by better yields, higher capacity utilization, and an increasing mix of 1.6T products. Lumentum
Morgan Stanley: US Plans to Restrict Chinese Optical Module Components, Coherent and Other Non-Chinese Suppliers Face Substitution Window
According to TechFlow Research, Reuters reported on August 4 that the Trump administration and the FCC are preparing to restrict Chinese data center components from entering the US, with optical modules specifically mentioned. Morgan Stanley pointed out in a research report on the same day that Zhongji Innolight and Eoptolink collectively account for approximately 50% of the optical module market share; if the ban is implemented, this portion of demand will shift to non-Chinese suppliers. Coherent (COHR) is the biggest beneficiary, Lumentum (LITE) indirectly benefits from the continued tight supply of EMLs, and Applied Optoelectronics (AAOI) and Fabrinet (FN) also have the capacity to absorb the demand. Morgan Stanley believes the short-term implementation of the ban faces two major bottlenecks: non-Chinese manufacturers' capacity cannot quickly fill the demand gap; Indium Phosphide (InP) substrates rely on China's AXTI, with Lumentum having just signed a new supply agreement last week and one of the purposes of Coherent's CEO visiting China several months ago being to secure InP supply. The ban will cause a supply shock in the short term but is beneficial for the restructuring of the non-Chinese supply chain in the long term.
Coherent Receives Up to $50 Million in Direct Funding to Expand AI Photonic Chip Production Capacity
According to Semiconductor-Today, Coherent announced that it has signed a Letter of Intent with the U.S. Department of Commerce to secure up to $50 million in direct funding under the CHIPS and Science Act to expand advanced manufacturing capacity for AI photonic chips.
Guidance raised to $1.25 billion as Lumentum's 1.6T and OCS businesses accelerate
Odaily News: Paradis Labs stated on the X platform that the key takeaways from Lumentum's earnings call are as follows. 1. EML. Lumentum reported strong EML performance this quarter, driven primarily by 100G-per-channel products. Growth for 200G-per-channel products is "accelerating rapidly," now accounting for over 25% of total EML revenue. Lumentum still expects EML shipments in December 2026 to grow by more than 50% compared to December 2025, even as it shifts some production capacity to CW lasers during this period. Lumentum has added sales of CW laser chips for 200G-per-channel applications to "numerous customers," moving beyond internal use only. The company is expanding two indium phosphide wafer fabs in Japan and is validating production processes for 200G and 300G-per-channel CW lasers and EMLs on its latest equipment. Coherent will report earnings tomorrow, with its business also involving 200G-per-channel EMLs and 400-milliwatt CW lasers. The market is watching whether its 6-inch indium phosphide wafers can deliver a cost advantage, and whether Lumentum will need to respond by improving yields. 2. CPO and NPO. Lumentum stated that the leading CPO customer's production plans "remain on track," with customer demand signals stronger than at the time of the last update. The company now expects laser shipments to begin ramping in the second half of next year, earlier than the customer's large-scale deployment scheduled for 2028. Lumentum has received its first order for ELS modules, with delivery scheduled for the second half of 2027. Other customers are primarily prioritizing NPO as an interim solution. The company said NPO will "bring fully incremental business and significantly expand the total addressable optical market," with even its largest CPO customer evaluating NPO for certain new application scenarios. AAOI expects to ramp ELSFP capacity to approximately 400,000 units per month by 2028. Sivers Semiconductors' external indium phosphide light sources are gradually being adopted for CPO and NPO applications. Lumentum, as the largest commercial laser manufacturer, has already procured products related to the ELS architecture, indicating the architecture has gained validation through real orders. 3. Cloud transceivers and 1.6T. Lumentum's 800G business set a record and began volume shipments of 1.6T products as planned. The company said its visibility into future cloud transceiver demand is "clearer than ever before." The 1.6T business will continue to strengthen from the first fiscal quarter through 2027, driven primarily by hyperscalers' custom AI clusters accelerating the transition from 800G to 1.6T. Lumentum stated that in many cases, it achieved product launch earlier than its larger competitors, and it expects this market share advantage to persist throughout the cycle. Transceiver business profitability is improving, driven by better yields, higher capacity utilization, and an increasing mix of 1.6T products. Lumentum
Serenity: Still Bullish on Memory Stocks, Photonics Sector Focus Shifts Back to AXTI and LITE
Odaily Planet Daily Report: "White-Haired Stock God" Serenity stated on the X platform that he remains bullish on memory stocks such as MU and Samsung. In addition, this week, the focus in the photonics sector has shifted back to AXT and Lumentum. The photonics industry has previously shown signs of supply tightness, with Coherent ($COHR) and Lumentum ($LITE) laser production capacity for the next two years already sold out. AAOI's recent earnings report also showed continued strong demand for optical modules.Meanwhile, a large number of retail investors have been panic-selling in the storage sector. There are indeed some changes in the market at present, such as Nvidia's Rubin Ultra optimizing for memory, and memory prices no longer rising as significantly as previously expected. However, at current prices, the operating profit of storage companies relative to their market capitalization remains extremely compelling, especially given the structural growth in storage demand. Moreover, the supply-demand imbalance next year could become even more severe.Serenity noted that the market tends to panic when an industry declines and follows new narratives. For example, helium during the Iran war, the LNG market, and SpaceX's earnings call, which once again emphasized storage supply tightness. Many times, industry bottlenecks and fundamentals haven't changed significantly, but market sentiment has already undergone a massive shift.
AI Industry Express: NVIDIA NVL576 Optical Engine Configuration May Increase by 78%, Potentially Benefiting Lumentum, Coherent, etc.
According to Citrini analyst Jukan, FundaAI's latest report reveals that NVIDIA's NVL576 passive co-packaged optics technology nearly doubles the density of optical engines and optical components. The passive co-packaged optics technology increases the configuration volume of 3.2T optical engines per GPU from approximately 2.25 to around 4.0, an increase of 78%. It is estimated that the demand for Rubin Ultra optical engines will reach about 12 million units.This news may directly benefit direct suppliers of optical engines, including Lumentum, Coherent, POET, among others.
NVIDIA increased its stake in CoreWeave by approximately $1.78 billion in Q1 and initiated new positions in Coherent and Generate Biomedicines.
According to the latest 13F filing, as of the end of Q1 2026, NVIDIA’s proprietary investment portfolio held stocks with a total market value of approximately $18.374 billion—significantly up from $13 billion at the end of 2025. The portfolio is highly concentrated in AI-ecosystem-related names (semiconductors, cloud computing infrastructure, EDA, optics, networking, and biopharmaceuticals). Notably, in Q1, NVIDIA increased its stake in CoreWeave by 94.5% to approximately 47.21 million shares, raising the holding’s value by roughly $1.78 billion. It also initiated new positions in Coherent Corp. (approximately 7.8 million shares) and Generate Biomedicines (approximately 833,000 shares). Intel remains NVIDIA’s largest holding, with over 214.7 million shares. This reflects Jensen Huang’s strategic initiative to support the entire AI ecosystem—from chips and cloud computing to networking, photonics, and drug discovery.
Guidance raised to $1.25 billion as Lumentum's 1.6T and OCS businesses accelerate
Odaily News: Paradis Labs stated on the X platform that the key takeaways from Lumentum's earnings call are as follows. 1. EML. Lumentum reported strong EML performance this quarter, driven primarily by 100G-per-channel products. Growth for 200G-per-channel products is "accelerating rapidly," now accounting for over 25% of total EML revenue. Lumentum still expects EML shipments in December 2026 to grow by more than 50% compared to December 2025, even as it shifts some production capacity to CW lasers during this period. Lumentum has added sales of CW laser chips for 200G-per-channel applications to "numerous customers," moving beyond internal use only. The company is expanding two indium phosphide wafer fabs in Japan and is validating production processes for 200G and 300G-per-channel CW lasers and EMLs on its latest equipment. Coherent will report earnings tomorrow, with its business also involving 200G-per-channel EMLs and 400-milliwatt CW lasers. The market is watching whether its 6-inch indium phosphide wafers can deliver a cost advantage, and whether Lumentum will need to respond by improving yields. 2. CPO and NPO. Lumentum stated that the leading CPO customer's production plans "remain on track," with customer demand signals stronger than at the time of the last update. The company now expects laser shipments to begin ramping in the second half of next year, earlier than the customer's large-scale deployment scheduled for 2028. Lumentum has received its first order for ELS modules, with delivery scheduled for the second half of 2027. Other customers are primarily prioritizing NPO as an interim solution. The company said NPO will "bring fully incremental business and significantly expand the total addressable optical market," with even its largest CPO customer evaluating NPO for certain new application scenarios. AAOI expects to ramp ELSFP capacity to approximately 400,000 units per month by 2028. Sivers Semiconductors' external indium phosphide light sources are gradually being adopted for CPO and NPO applications. Lumentum, as the largest commercial laser manufacturer, has already procured products related to the ELS architecture, indicating the architecture has gained validation through real orders. 3. Cloud transceivers and 1.6T. Lumentum's 800G business set a record and began volume shipments of 1.6T products as planned. The company said its visibility into future cloud transceiver demand is "clearer than ever before." The 1.6T business will continue to strengthen from the first fiscal quarter through 2027, driven primarily by hyperscalers' custom AI clusters accelerating the transition from 800G to 1.6T. Lumentum stated that in many cases, it achieved product launch earlier than its larger competitors, and it expects this market share advantage to persist throughout the cycle. Transceiver business profitability is improving, driven by better yields, higher capacity utilization, and an increasing mix of 1.6T products. Lumentum
Binance Will List 10 bStocks Tokenized Stock Trading Pairs Including Netflix, BitMine, and More
Binance will open 10 bStocks trading pairs, including Astera Labs (ALABB), ASML (ASMLB), AST SpaceMobile (ASTSB), BitMine Immersion Technologies (BMNRB), Coherent (COHRB), Credo Technology (CRDOB), IREN (IRENB), Netflix (NFLXB), Super Micro Computer (SMCIB), and USA Rare Earth (USARB), on August 5, 2026, at 20:00, simultaneously supporting spot algorithmic trading bots and Binance Convert zero-fee trading.
Serenity: AI Data Center InP Laser Supply Gap May Exceed Memory Chips, Highlighting the Value of Optical Communication Bottlenecks
Odaily News, "White-Haired Stock God" Serenity stated that Lumentum CEO Michael Hurlston has issued a warning that the indium phosphide (InP) laser supply chain for AI data centers is facing a more severe supply gap than memory chips. Even with Lumentum's five InP wafer fabs, product shipments could still fall more than 30% short of customer demand, indicating that AI infrastructure expansion is encountering a critical bottleneck in key optical communication components.Serenity pointed out that current supply pressure is mainly concentrated in the EML (electro-absorption modulated laser) segment, but the InP laser shortage could continue to spread. He remains bullish on the "bottleneck investment" opportunities in the optical communication laser supply chain, keeping an eye on companies including Applied Optoelectronics (AAOI), Sivers Semiconductors (SIVE), Lumentum (LITE), and Coherent (COHR). As AI data center capital expenditures continue to rise, optical modules, lasers, and other infrastructure segments that were previously undervalued by the market are now undergoing repricing, and the InP laser supply bottleneck could become a key limiting factor in the expansion of AI computing power.
Coherent Receives Up to $50 Million in Direct Funding to Expand AI Photonic Chip Production Capacity
According to Semiconductor-Today, Coherent announced that it has signed a Letter of Intent with the U.S. Department of Commerce to secure up to $50 million in direct funding under the CHIPS and Science Act to expand advanced manufacturing capacity for AI photonic chips.
NVIDIA increased its stake in CoreWeave by approximately $1.78 billion in Q1 and initiated new positions in Coherent and Generate Biomedicines.
According to the latest 13F filing, as of the end of Q1 2026, NVIDIA’s proprietary investment portfolio held stocks with a total market value of approximately $18.374 billion—significantly up from $13 billion at the end of 2025. The portfolio is highly concentrated in AI-ecosystem-related names (semiconductors, cloud computing infrastructure, EDA, optics, networking, and biopharmaceuticals). Notably, in Q1, NVIDIA increased its stake in CoreWeave by 94.5% to approximately 47.21 million shares, raising the holding’s value by roughly $1.78 billion. It also initiated new positions in Coherent Corp. (approximately 7.8 million shares) and Generate Biomedicines (approximately 833,000 shares). Intel remains NVIDIA’s largest holding, with over 214.7 million shares. This reflects Jensen Huang’s strategic initiative to support the entire AI ecosystem—from chips and cloud computing to networking, photonics, and drug discovery.
Related news
Guidance raised to $1.25 billion as Lumentum's 1.6T and OCS businesses accelerate
Odaily News: Paradis Labs stated on the X platform that the key takeaways from Lumentum's earnings call are as follows. 1. EML. Lumentum reported strong EML performance this quarter, driven primarily by 100G-per-channel products. Growth for 200G-per-channel products is "accelerating rapidly," now accounting for over 25% of total EML revenue. Lumentum still expects EML shipments in December 2026 to grow by more than 50% compared to December 2025, even as it shifts some production capacity to CW lasers during this period. Lumentum has added sales of CW laser chips for 200G-per-channel applications to "numerous customers," moving beyond internal use only. The company is expanding two indium phosphide wafer fabs in Japan and is validating production processes for 200G and 300G-per-channel CW lasers and EMLs on its latest equipment. Coherent will report earnings tomorrow, with its business also involving 200G-per-channel EMLs and 400-milliwatt CW lasers. The market is watching whether its 6-inch indium phosphide wafers can deliver a cost advantage, and whether Lumentum will need to respond by improving yields. 2. CPO and NPO. Lumentum stated that the leading CPO customer's production plans "remain on track," with customer demand signals stronger than at the time of the last update. The company now expects laser shipments to begin ramping in the second half of next year, earlier than the customer's large-scale deployment scheduled for 2028. Lumentum has received its first order for ELS modules, with delivery scheduled for the second half of 2027. Other customers are primarily prioritizing NPO as an interim solution. The company said NPO will "bring fully incremental business and significantly expand the total addressable optical market," with even its largest CPO customer evaluating NPO for certain new application scenarios. AAOI expects to ramp ELSFP capacity to approximately 400,000 units per month by 2028. Sivers Semiconductors' external indium phosphide light sources are gradually being adopted for CPO and NPO applications. Lumentum, as the largest commercial laser manufacturer, has already procured products related to the ELS architecture, indicating the architecture has gained validation through real orders. 3. Cloud transceivers and 1.6T. Lumentum's 800G business set a record and began volume shipments of 1.6T products as planned. The company said its visibility into future cloud transceiver demand is "clearer than ever before." The 1.6T business will continue to strengthen from the first fiscal quarter through 2027, driven primarily by hyperscalers' custom AI clusters accelerating the transition from 800G to 1.6T. Lumentum stated that in many cases, it achieved product launch earlier than its larger competitors, and it expects this market share advantage to persist throughout the cycle. Transceiver business profitability is improving, driven by better yields, higher capacity utilization, and an increasing mix of 1.6T products. Lumentum
Serenity: Still Bullish on Memory Stocks, Photonics Sector Focus Shifts Back to AXTI and LITE
Odaily Planet Daily Report: "White-Haired Stock God" Serenity stated on the X platform that he remains bullish on memory stocks such as MU and Samsung. In addition, this week, the focus in the photonics sector has shifted back to AXT and Lumentum. The photonics industry has previously shown signs of supply tightness, with Coherent ($COHR) and Lumentum ($LITE) laser production capacity for the next two years already sold out. AAOI's recent earnings report also showed continued strong demand for optical modules.Meanwhile, a large number of retail investors have been panic-selling in the storage sector. There are indeed some changes in the market at present, such as Nvidia's Rubin Ultra optimizing for memory, and memory prices no longer rising as significantly as previously expected. However, at current prices, the operating profit of storage companies relative to their market capitalization remains extremely compelling, especially given the structural growth in storage demand. Moreover, the supply-demand imbalance next year could become even more severe.Serenity noted that the market tends to panic when an industry declines and follows new narratives. For example, helium during the Iran war, the LNG market, and SpaceX's earnings call, which once again emphasized storage supply tightness. Many times, industry bottlenecks and fundamentals haven't changed significantly, but market sentiment has already undergone a massive shift.
Binance will add 10 bStocks tokenized securities as collateral assets
According to the official announcement, Binance Cross Collateral, Unified Account Mode, and Unified Account Pro will add 10 bStocks tokens—BitMine Immersion Technologies (BMNRB), Super Micro Computer (SMCIB), IREN Limited (IRENB), ASML (ASMLB), Netflix (NFLXB), AST SpaceMobile (ASTSB), Coherent (COHRB), Credo Technology (CRDOB), USA Rare Earth (USARB), and Astera Labs (ALABB)—as eligible collateral assets on August 5, 2026, at 20:00 (UTC+8).
Morgan Stanley: US Plans to Restrict Chinese Optical Module Components, Coherent and Other Non-Chinese Suppliers Face Substitution Window
According to TechFlow Research, Reuters reported on August 4 that the Trump administration and the FCC are preparing to restrict Chinese data center components from entering the US, with optical modules specifically mentioned. Morgan Stanley pointed out in a research report on the same day that Zhongji Innolight and Eoptolink collectively account for approximately 50% of the optical module market share; if the ban is implemented, this portion of demand will shift to non-Chinese suppliers. Coherent (COHR) is the biggest beneficiary, Lumentum (LITE) indirectly benefits from the continued tight supply of EMLs, and Applied Optoelectronics (AAOI) and Fabrinet (FN) also have the capacity to absorb the demand. Morgan Stanley believes the short-term implementation of the ban faces two major bottlenecks: non-Chinese manufacturers' capacity cannot quickly fill the demand gap; Indium Phosphide (InP) substrates rely on China's AXTI, with Lumentum having just signed a new supply agreement last week and one of the purposes of Coherent's CEO visiting China several months ago being to secure InP supply. The ban will cause a supply shock in the short term but is beneficial for the restructuring of the non-Chinese supply chain in the long term.
Binance Will List 10 bStocks Tokenized Stock Trading Pairs Including Netflix, BitMine, and More
Binance will open 10 bStocks trading pairs, including Astera Labs (ALABB), ASML (ASMLB), AST SpaceMobile (ASTSB), BitMine Immersion Technologies (BMNRB), Coherent (COHRB), Credo Technology (CRDOB), IREN (IRENB), Netflix (NFLXB), Super Micro Computer (SMCIB), and USA Rare Earth (USARB), on August 5, 2026, at 20:00, simultaneously supporting spot algorithmic trading bots and Binance Convert zero-fee trading.
Serenity: AI Data Center InP Laser Supply Gap May Exceed Memory Chips, Highlighting the Value of Optical Communication Bottlenecks
Odaily News, "White-Haired Stock God" Serenity stated that Lumentum CEO Michael Hurlston has issued a warning that the indium phosphide (InP) laser supply chain for AI data centers is facing a more severe supply gap than memory chips. Even with Lumentum's five InP wafer fabs, product shipments could still fall more than 30% short of customer demand, indicating that AI infrastructure expansion is encountering a critical bottleneck in key optical communication components.Serenity pointed out that current supply pressure is mainly concentrated in the EML (electro-absorption modulated laser) segment, but the InP laser shortage could continue to spread. He remains bullish on the "bottleneck investment" opportunities in the optical communication laser supply chain, keeping an eye on companies including Applied Optoelectronics (AAOI), Sivers Semiconductors (SIVE), Lumentum (LITE), and Coherent (COHR). As AI data center capital expenditures continue to rise, optical modules, lasers, and other infrastructure segments that were previously undervalued by the market are now undergoing repricing, and the InP laser supply bottleneck could become a key limiting factor in the expansion of AI computing power.