10 Best AI Stocks to Buy According to Analysts

4. POET Technologies Inc. (NASDAQ:POET)

Number of Hedge Fund Holders: 2 

Average Upside Potential as of September 12: 29.81%

POET Technologies Inc. (NASDAQ:POET) is one of the best AI stocks to buy according to analysts. On August 29, POET Technologies Inc. announced a partnership with NTT Innovative Devices Corporation, which is a subsidiary of Japan’s leading telecom company, to develop advanced optical engines. The collaboration supports next-gen mobile networks that will enable widespread use of AI applications on mobile devices.

The development will focus on a 100G Bidirectional Optical Engine for mobile front-haul networks, which is expected to provide four times more bandwidth efficiency than current devices. The project will utilize POET’s proprietary Optical Interposer platform and optical components from NTT Innovative Devices.

POET will begin development work this year, with prototypes expected in 2026 and high-volume production anticipated for 2027. According to Market Research Future, the market for front-haul mobile networks is expected to grow at a CAGR of 14.2% through 2032, reaching a market size of $5.9 billion.

POET Technologies Inc. (NASDAQ:POET) designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the US, Canada, Singapore, and China.