35 Most Important AI Stocks for 2025 According to JPMorgan

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28. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 51 

Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. In March 2024, Coherent announced a significant breakthrough in vertical-cavity surface-emitting laser (VCSEL) technology, enhancing bandwidth for next-generation AI networks. This advancement paves the way for optical transceivers operating at 200 Gbps per lane, crucial for AI and high-performance computing applications. Financially, Coherent reported strong first-quarter fiscal 2025 results, with revenue increasing by 28% year-over-year to $1.35 billion. Non-GAAP gross margin expanded to 37.7%, and non-GAAP earnings per share surged by 357% to $0.74. These results were driven by high demand for AI-related datacom transceivers, including 100G, 200G, and 400G models. Analysts have responded positively, with Jefferies assigning a Buy rating and a $135 price target.

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