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Mar 2, 2026 12:10 PM

Nvidia Backs Lumentum With Billions To Scale AI Infrastructure

Lumentum Holdings Inc. (NASDAQ:LITE) stock rose Monday following a multiyear strategic partnership with Nvidia Corp. (NASDAQ:NVDA) aimed at advancing optics technologies.

Nvidia has committed to investing $2 billion in Lumentum to support research and development and future manufacturing capacity, which are crucial for scaling AI data centers.

Details

This partnership is set to leverage Nvidia’s leadership in AI and accelerated computing alongside Lumentum’s expertise in optics and advanced manufacturing.

This collaboration includes a multibillion-dollar purchase commitment and a significant investment from Nvidia, both expected to enhance Lumentum’s manufacturing capabilities and R&D efforts as demand for AI infrastructure grows.

In addition, the agreement will enable Lumentum to enhance its U.S. production capabilities and meet the growing ...