Jim Cramer on Coherent Corp.: “I Think This Company’s Just Terrific”

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.

Stock market data. Photo by Burak The Weekender on Pexels

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.

While we acknowledge the risk and potential of COHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COHR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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