Jim Cramer Discussed 8 Stocks Amid the S&P 500 Reshuffle: Vertiv, Paycom, and More

2. Coherent Corp. (NYSE:COHR)

Coherent Corp. (NYSE:COHR) is one of the stocks Jim Cramer discussed amid the reshuffling of the S&P 500. Cramer highlighted the stock’s massive rally, as he commented:

Next, a week ago, we learned that NVIDIA was investing $2 billion apiece in a pair of fiber optic plays, Coherent and Lumentum. They both have a lot of exposure to AI infrastructure. Apparently, S&P and NVIDIA have the same style because both those stocks are getting added to the S&P 500. Coherent’s rallied more than 450% from its post-Liberation Day lows last April. It’s now a $47 billion company. I’m very excited about this because we’re going to have on this one tomorrow, CEO Jim Anderson, for an interview. That’ll be something. This company, I think this company’s just terrific.

Coherent Corp. (NYSE:COHR) manufactures engineered materials, laser systems, and optoelectronic components used across the communications, industrial, and electronics sectors. Cramer was bullish on the stock when a caller asked about it during the January 22 episode, as he replied:

Coherent is so good. Now, the stock has been just a banshee. But I gotta tell you, the technology’s really good. It’s a winner. I would use any dip to buy more stock.