Lumentum Holdings Inc. revealed a $2 billion investment from NVIDIA during its presentation at the Morgan Stanley Technology, Media & Telecom Conference on March 2, 2026. The partnership, developed over years, includes a multibillion-dollar purchase commitment for high-powered lasers. CEO Michael Hurlston highlighted the company's advantages in laser technology for optical applications.
On March 2, 2026, at 2:30 PM EST, Lumentum Holdings Inc. (LITE) participated in the Morgan Stanley Technology, Media & Telecom Conference. The session, moderated by Meta Marshall from Morgan Stanley's Research Division, focused on networking and cybersecurity topics.
Marshall opened by noting Lumentum's morning announcement of a $2 billion investment from NVIDIA. She invited CEO Michael E. Hurlston to provide details.
Hurlston expressed enthusiasm for the partnership, stating it had been in development for many years through collaboration on Lumentum's laser roadmap. He described the investment as the culmination of this work, adding a multibillion-dollar purchase commitment from NVIDIA.
The discussion centered on Lumentum's high-powered lasers designed for optical scale out and potential optical scale up. Hurlston emphasized the company's differentiation, particularly with its 400-millowatt high-powered laser, citing advantages in reliability compared to competitors.
"We've been working on these lasers for a long period of time, and we think we have tremendous differentiation," Hurlston said. He noted varying industry forecasts for optical scale up but affirmed Lumentum's preparedness.
This announcement underscores ongoing advancements in laser technology amid growing demands in telecom and data infrastructure.
