Jim Cramer’s 23 Stocks: Arm, QXO, and the Market’s Biggest Threat

18. Fabrinet (NYSE:FN)

Fabrinet (NYSE:FN) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat. A caller inquired after Cramer’s thoughts on the company, given the “bull market in optical electronics.” He replied:

Okay, I mean, this is one that I talked about at the top of the show. This is the kind of bull market, you’re absolutely right. I do think that it needs to cool, though. I think it needs to drop back a little, and I don’t want you to be caught in that downdraft if you buy it tomorrow.

Fabrinet (NYSE:FN) provides advanced optical packaging and electronic manufacturing services, including process design, assembly, and testing for complex electro-mechanical systems. The company produces specialized components such as lasers, sensors, and optical switching products. Wasatch Global Investors stated the following regarding Fabrinet (NYSE:FN) in its Q4 2025 investor letter:

Fabrinet (NYSE:FN) was also a significant contributor. Fabrinet is a contract manufacturer of laser-based communication hardware. The company’s optical transceivers are noted for their ability to maintain precise thermal control and alignment of internal components during high-speed transmission of data. Fabrinet is seeing increased demand as data centers upgrade their networks to faster and lower-latency communication standards capable of handling complex AI workloads. Favorable trends in telecommunications end markets have added to investor optimism.