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Garvit Bhandari

Founder, CEO

Equity Bottom-Up

<ul>
<li>Coherent offers direct AI optics exposure, spanning indium phosphide lasers, pluggable transceivers, optical circuit switches and co-packaged optics, as industry demand scales rapidly</li>
<li>NVIDIA’s $2 billion investment, multiyear supply agreement, record bookings and backlog through 2028 materially improve revenue visibility and de-risk Coherent’s aggressive capacity expansion</li>
<li>At 18.6x 2028 earnings, Coherent trades below optical peers despite superior growth, creating an attractive entry point, albeit with meaningful hyperscaler concentration risk.</li>
</ul>


Coherent offers direct AI optics exposure, spanning indium phosphide lasers, pluggable transceivers, optical circuit switches and co-packaged optics, as industry demand scales rapidly
NVIDIA’s $2 billion investment, multiyear supply agreement, record bookings and backlog through 2028 materially improve revenue visibility and de-risk Coherent’s aggressive capacity expansion
At 18.6x 2028 earnings, Coherent trades below optical peers despite superior growth, creating an attractive entry point, albeit with meaningful hyperscaler concentration risk.


Coherent Corp (NYSE: COHR): AI Optics Selloff Offers an Entry Into a Structurally Improving Story