15 AI Stocks That Are Dominating Headlines

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14. Fabrinet (NYSE:FN)

Market Capitalization: $9 Billion 

Fabrinet (NYSE:FN) offers optical packaging, along with precision optical, electro-mechanical, and electronic manufacturing services. The company produces fiber-optic cables that power telecommunications, AI data centers, and the global Internet infrastructure. Needham recently assumed coverage of the stock with a Buy rating and $280 price target. The company reported a surprisingly broad-based strong fiscal Q1, with low-speed Datacom carrying growth again as high-speed remained stalled ahead of the expected transition to 1.6T transceivers for Nvidia’s Blackwell, the advisory told investors in a research note. The firm says the addition of artificial intelligence-related demand selling into the heart of the AI clusters adds a whole new dimension to Fabrinet’s opportunity.

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