AI News Investors Should Not Miss

27. 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 firm has emerged as an important player in the AI space, marketing 800G transceivers which read and write data at a speed of 800 gigabytes per second. The company recently took part in the European Conference on Optical Communications, showcasing a new product called 1.6T SiPho that was running a 5nm NVIDIA chip, according to investment advisory Barclays. The new product by Coherent Corp. (NYSE:COHR) will not hit production till late 2025, per reports. Barclays analyst Tom O’Malley detailed in an investor note that the new product would pressure companies like Marvell and Broadcom in the long term.