Nvidia-Tied AI Stocks Vertiv, Lumentum, Coherent To Join S&P 500 Index

CoffeeNFTs · 2026-03-07T23:48:34+00:00

Vertiv, Lumentum, Coherent, and EchoStar will join the S&P 500, replacing Match Group, Molina Healthcare, Lamb Weston, and Paycom Software. Following Nvidia's investments in Lumentum and Coherent, stocks showed positive after-hours movement.

CoffeeNFTs

2026-03-07 23:48:34

Abstract generation in progress

Artificial intelligence stocks Vertiv (VRT), Lumentum (LITE) and Coherent (COHR), all with Nvidia ties, will join the S&P 500 before the open on March 23. S&P Dow Jones Indices announced the adds late Friday, along with wireless spectrum play Echostar (SATS). All four stocks rose in after-hours action.

They will replace Match Group (MTCH), Molina Healthcare (MOH), Lamb Weston (LW), and Paycom Software (PAYC), as part of the quarterly rebalancing to the S&P indexes.

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AI infrastructure play Vertiv is an Nvidia (NVDA) partner. Nvidia on Monday invested $2 billion each in optic plays Lumentum and Coherent.

Meanwhile, Micron Technology (MU), Lam Research (LRCX), Applied Materials (AMAT) and GE Vernova (GEV) will join the S&P 100 index, replacing Target (TGT), Metlife (MET), PayPal (PYPL) and American International Group (AIG).

Vertiv Stock Jumps

Vertiv stock jumped 5.2% late Friday. During the week, VRT stock fell 5.1% to 241.78, but held above its 21-day.

Lumentum stock rose 1.7%. Coherent stock edged up 0.5%. On Monday, both optical plays jumped to fresh highs on the Nvidia investment news, but then sold off the rest of the week.

EchoStar stock climbed 3.2% after hours, back toward its 50-day line. Shares tumbled 8% to 106.24 last week. SATS stock has a 132.25 consolidation buy point, but a move above the March 2 high of 121.64 would offer an early entry.

Please follow Ed Carson on X at @IBD_ECarson for stock market updates and more.

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