Benchmark reiterates Buy on Aeluma stock after Nvidia optical deal
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold slips on stronger dollar; safe haven demand remains strong amid Iran conflict Oil extends move higher on concerns over Strait of Hormuz; more supply coming? Wall Street slumps at the open as Middle East conflict widens After FOUR 60%+ wins - a new list of AI-picked stocks for March IS LIVE NOW FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Benchmark reiterates Buy on Aeluma stock after Nvidia optical deal By Analyst Ratings Published 03/03/2026, 10:45 AM Benchmark reiterates Buy on Aeluma stock after Nvidia optical deal 0 NVDA -2.69% ALMU -1.66% Investing.com - Benchmark reiterated a Buy rating and $25.00 price target on Aeluma (NASDAQ:ALMU) following recent industry developments in optical connectivity. The stock jumped to $18.76, reflecting a remarkable 215% gain over the past year, according to InvestingPro data. Nvidia announced $4 billion in strategic investments in Coherent and Lumentum on Monday. The deal includes multibillion-dollar purchase commitments and capacity access rights tied to silicon photonics and optical interconnects for next-generation AI data centers. Benchmark analyst David Williams said the move represents a positive read-through for Aeluma and a clear signal that the industry is moving more aggressively to accelerate enabling technologies and secure the supply chain for advanced optical connectivity. Williams said Aeluma is well positioned within that ecosystem, with its quantum dot laser technology addressing a critical building block for next-generation optical links. The company’s large-diameter substrate capability offers a significant scalability advantage, according to the analyst. Benchmark maintained its Buy rating and $25 price target on the stock. In other recent news, Aeluma Inc. reported a decline in revenue for the second quarter of 2026, with earnings dropping to $1.3 million from $1.6 million in the same period last year. The company also recorded a GAA...
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