15 AI Stocks Trending on Financial Media

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14. Fabrinet (NYSE:FN)

Number of Hedge Fund Holders: 42

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. Rosenblatt analyst Mike Genovese recently released an investor note on the company, noting that a competitor firm downgraded Fabrinet to Sell this week due to the concern that Amazon is unbundling Optical and GPU purchases, but Rosenblatt does not agree with the downgrade as it views this unbundling trend as known about for a long-time. The advisory thinks Fabrinet’s business with Nvidia should be fine, despite Amazon’s moves, because there are now about a dozen massive AI data center spenders that say they will invest as much as necessary to be the firm mover or leader in new generative AI markets.

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