5 Best Performing AI Stocks to Buy

3. Coherent Corp. (NYSE:COHR)

6-Month Performance: 167.09%

Coherent Corp. (NYSE:COHR) is one of the best-performing AI stocks to buy. On April 9, Coherent Corp. (NYSE:COHR) announced new progress in its silicon carbide (SiC) epitaxy technology. The new thick epitaxy capabilities can power devices up to 10kV to support next-generation AI data centers and industrial power uses.

The company is continuing to grow its silicon carbide technology portfolio, from substrates to advanced epitaxy. This allows Coherent Corp. (NYSE:COHR) to support customers across a range of industries such as automotive, energy, and industrial sectors. It also strengthens its position in high-efficiency data center power systems, an area that is growing quickly.

The latest 150mm and 200mm thick epitaxy platforms by Coherent Corp. (NYSE:COHR) will now be able to support device architectures up to 10kV in production. The company also said that these platforms can go beyond 10kV, offering strong performance in demanding conditions.

According to the report by Coherent Corp. (NYSE:COHR), these improvements allow customers to design smaller and more energy-efficient power conversion systems for both multi-megawatt data centers as well as industrial infrastructure, while also complying with the strict reliability standards of large-scale deployments.

Coherent Corp. (NYSE:COHR) is an American multinational company that specializes in photonics. It serves datacenter, communications, and industrial markets.