Coatue’s 35 Most Important AI Stocks

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30. Fabrinet (NYSE:FN)

Number of Hedge Fund Holders: 42

Fabrinet (NYSE:FN) offers optical packaging, along with precision optical, electro-mechanical, and electronic manufacturing services. The company produces fiber-optic cables that power telecommunications, AI data centers, and the global Internet infrastructure. As per the report for the fourth quarter of 2024, revenue was $753.3 million, compared to $655.9 million for the fourth quarter of the prior year. GAAP net income was $81.1 million, compared to $60.8 million for the fourth quarter of the prior year. Fabrinet’s datacom revenue surged 150%, fueled by AI demand and the NVIDIA partnership. In addition to this, the company is also advancing in high-speed data solutions like 800 gig and future 1.6 terabyte options to meet growing data needs.

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