AI Infrastructure Play Fabrinet (FN) Gains Positive Coverage From Susquehanna

Core Viewpoint - Fabrinet (NYSE:FN) is highlighted as a promising investment in the AI sector, with a "Positive" rating and a price target of $550 set by Susquehanna, indicating strong potential in the optical networking market driven by infrastructure and AI trends [1][3]. Group 1: Company Positioning - Fabrinet is well-positioned in the optical networking market, benefiting from the growth in transceivers, Data Center Interconnect (DCI), and Co-Packaged Optics (CPO) technologies [2][3]. - The company has significantly benefited from the increasing demand for transceivers in data centers and is expected to capitalize on further opportunities in optical networking and high-performance computing (HPC) contract manufacturing for AI servers [3]. Group 2: Market Outlook - The firm anticipates that Fabrinet will leverage expanding opportunities in optical networking, which includes various technologies that are critical for the growth of AI infrastructure [2][3].