Top 11 AI News Updates on Wall Street’s Radar

7. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 71

Coherent Corp. (NYSE:COHR) is a technology company that develops, manufactures, and markets engineered materials, optoelectronic components, and optical and laser systems. The company is also driving innovation in AI and machine learning (ML) by providing high-speed datacom transceivers and optical components for AI data centres. On March 20, the leader in photonics unveiled a 2x400G-FR4 Lite optical transceiver designed explicitly for AI-driven data centers and high-speed Ethernet networks.

The transceiver can deliver a 500-meter reach while reducing power consumption, making it a perfect fit for high-volume deployments. The 2x400G-FR4 Lite is engineered to support the explosive growth of AI and ML workloads. Its competitive edge stems from lowering power consumption through silicon photonics integration.

“The 2x400G-FR4 Lite is built with silicon photonics, reinforcing our commitment to selecting the best technology for each application,” said Dr. Lee Xu, Executive Vice President, Datacom Transceivers. “With a technology portfolio that spans vertical-cavity surface-emitting lasers (VCSEL), electro-absorption modulated lasers (EML), directly modulated lasers (DML), and silicon photonics, we tailor our solutions to optimize performance, efficiency, and cost for each application.