35 Trending AI Stocks on Latest Analyst Ratings and News

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28. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 47 

Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. The company boasts a long-standing leadership in the optoelectronics market, with over two decades of experience driving innovations across telecom networks, enterprise data centers, and web hyperscalers. One of its standout AI products is the 800G transceiver, which enables data processing speeds of 800 gigabytes per second, making it crucial for managing the high-speed data demands of AI-driven tasks. During the company’s third-quarter earnings call, CEO Chuck Mattera emphasized the strong demand for 800G transceivers, which contributed to a 50% sequential growth in the firm’s non-GAAP earnings per share. Mattera also forecast that AI-related growth will continue to boost earnings into the fourth quarter of 2024 and throughout 2025.

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