14 AI News and Ratings Making Waves on Wall Street

6. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 71

Coherent Corp. (NYSE:COHR) develops and manufactures engineered materials, optoelectronic components, and laser systems for industrial, communications, electronics, and instrumentation markets.

On March 27, Coherent Corp. introduced a new series of pluggable optical transceivers designed for data centers using optical circuit switches (OCSs). These transceivers address the additional 3 dB insertion loss introduced by OCSs while maintaining compliance with IEEE-defined network standards. They support 400G FR4, 2x400G FR4, and 2x400G LR4-6 standards in QSFP-DD and OSFP form factors, catering to high-density 400G and 800G connectivity needs in AI and ML clusters with distances up to 6 km. Coherent also plans to release a 1.6T FR8 transceiver optimized for OCS use. These transceivers work with both standard and OCS-optimized models, providing deployment flexibility. More details will be shared at OFC 2025 in San Francisco.