9 Best AI Stocks to Buy According to Billionaire Stanley Druckenmiller

2. Coherent Corp. (NYSE:COHR)

Duquesne Capital Equity Stake: $144.30 Million

Number of Hedge Fund Holders: 61

Coherent Corp. (NYSE:COHR) is one of the best AI stocks to buy, according to billionaire Stanley Druckenmiller. On July 17, analysts at Benchmark reiterated a Buy rating on the stock. The positive stance comes amid expectations that the company is well-positioned to capitalize on strong growth in the artificial intelligence and data center sectors.

Benchmark cited the tremendous opportunity at hand as major hyperscale capital expenditure is poised to increase 40% year over year to about $322 million in 2025. With AI and data center remaining primary growth drivers Coherent should be one of the beneficiaries.

In addition, the research firm expects the continued strength in data center sales to support Coherent’s business performance and strengthen its revenue base. The company should also capitalize on the expansion in AI infrastructure segments throughout the year.

Coherent Corp. (NYSE:COHR) develops and manufactures materials, networking products, and lasers for various industries. It provides components and solutions for data centers, with a focus on AI and high-speed networking. Its key products include optical transceivers, lasers, and thermal management solutions.