15 AI News and Ratings You Should Not Miss

13. Coherent Corp. (NYSE:COHR)

Market Capitalization: $16 Billion

Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. The firm has emerged as an important player in the AI space, marketing 800G transceivers that read and write data at a speed of 800 gigabytes per second. Craig-Hallum recently raised the price target on the stock to $120 from $85 and kept a Buy rating on the shares. The advisory notes Coherent’s strong quarter driven by AI/datacom is not surprising, although upside from gross margin was not necessarily expected that will be enticing for many investors from which to extrapolate.