Markets

Nvidia-Backed Optical Stocks: JPMorgan Says Buy the Dip

JPMorgan has reiterated 'overweight' ratings on Coherent and Lumentum after both Nvidia-backed AI stocks fell roughly 20% from record highs. Analysts say concerns are overblown and the dip is a buying opportunity for investors.

Jun 12, 2026

Xbox Major Layoffs Could Hit Next Month

Microsoft's Xbox division is planning a major round of layoffs under new CEO Asha Sharma, who warns the unit is "not in a healthy spot" after revenue fell nearly $500 million despite $20 billion in investments over five years.

Jun 12, 2026