15 AI News Updates Wall Street Is Monitoring

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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. The company recently posted earnings for the first fiscal quarter, reporting earnings per share of $0.74, beating market estimates by $0.13. The revenue over the period was $1.35 billion, beating analyst expectations by $30 million.

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