J.P. Morgan expects more tech companies to announce co-packaged optics (CPO) plans following Nvidia's (NVDA, Financial) reveal at GTC 2025. The bank is watching for new developments at the upcoming Optical Fiber Communications Conference, set to run from March 30 to April 3 in San Francisco.
At GTC, Nvidia introduced a silicon photonics-based switch using CPO to support faster, short-range data links in AI data centers. CEO Jensen Huang said the company had developed the world's first 1.6 terabit per second CPO, using a micro ring resonator modulator and advanced TSMC (TSM) chip technology.
J.P. Morgan analysts, led by Samik Chatterjee, noted in a client briefing that companies like Broadcom (AVGO, Financial), Marvell (MRVL, Financial), and potentially Cisco (CSCO, Financial) may follow Nvidia's lead with similar announcements or product demos at OFC.
Suppliers involved in Nvidia's optical efforts include Lumentum (LITE, Financial), Coherent (COHR, Financial), Corning (GLW, Financial), and Fabrinet (FN, Financial), which provide key components for its photonics infrastructure.
Investors are focused on timelines for broader CPO adoption among major silicon vendors.
