Yahoo Finance·2025-11-24 17:27Core Insights - The AI megatrend is benefiting not only major players like Nvidia and hyperscalers but also companies involved in the infrastructure for AI, particularly optical components suppliers [1][2][3] Industry Overview - The global optical components market is valued at approximately $287.3 billion in 2023 and is projected to reach $628.8 billion by 2032, indicating a compound annual growth rate (CAGR) of 9.2% [3] - Optical components are essential for enabling faster data movement and lower power consumption, which are critical for scaling AI technologies [3] Company Spotlight: Coherent Corp. (COHR) - Coherent Corp. is a global technology company established in 1971, focusing on photonics, optical materials, devices, lasers, and compound semiconductors [5] - The company has a market capitalization of $21.9 billion and has seen its stock price increase by 60% year-to-date [6] - Coherent has consistently met earnings estimates over the past two years, with Q1 2025 revenues of $1.58 billion, reflecting a 17% year-over-year increase, and earnings of $1.16 per share, representing a 73.1% annual growth [7]