AI News Investors Should Not Miss

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34. Fabrinet (NYSE:FN)

Number of Hedge Fund Holders: 31

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. The company makes fiber-optic cables that are used to power telecommunications, AI data centers, and even the Internet across the world.

The datacom business of the company, which revolves around cable provision for AI data centers, has grown rapidly in the past two years. In the third quarter earnings call, Seamus Grady, the CEO of Fabrinet (NYSE:FN), underlined how this 150% jump in datacom revenue had benefited from the rise in demand for 800 gigs technology for AI applications. NVIDIA, one of the biggest winners of the AI craze, is the flagship customer for Fabrinet. The latter powers the data centers of the former with optical cables and electro-mechanical manufacturing services.

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