NV NVDA NVIDIA Corporation Loading... : Bullish and Bearish Analyst Opinions

Management stated there has been 'no push out of CPO demand' and seen an increase in demand over the last 3-6 months, with MPO engagements ramping, directly countering the recent market narrative of CPO delays or a shift to NPO. — Confirms that the immediate growth vector for optics is still pluggable transceivers/800G/1.6T, but the follow-on CPO/NPO wave is building. For Nvidia, which is promoting CPO for future racks, this is a positive signal.

6-inch indium phosphide capacity ramp is ahead of schedule; the goal of doubling internal capacity will be reached one quarter earlier than planned, and capacity will more than double again by end of calendar 2027. — Resolution of the industry-wide InP constraint is a critical gating factor for 1.6T transceiver and CPO volumes, and Coherent's early ramp enables share gains at the expense of competitors reliant on external InP supply.