Diamond Hill Capital released its second-quarter 2025 investor letter, noting a market rebound with US stocks rising around 11%. The Select Strategy portfolio returned 7.31% (net) compared to the Russell 3000 Index at 10.99%. Coherent Corp. (NYSE: COHR) was highlighted, showing a one-month return of 22.97% and a market cap of $16.822 billion.

Coherent Corp. (NYSE: COHR) saw gains in its stock value, with a one-month return of 22.97% and a market capitalization of $16.822 billion. The company, known for its materials and lasers, benefitted from increased demand for optical transceivers. Hedge funds are taking notice, with 66 portfolios holding Coherent Corp. (NYSE: COHR).

While Coherent Corp. (NYSE: COHR) is not among the 30 most popular stocks among hedge funds, it has gained interest with 66 portfolios holding the stock. Hedge funds are exploring AI stocks for greater upside potential, but Coherent Corp. (NYSE: COHR) remains a notable investment. Check out the latest investor letters for more insights.

Read more at Yahoo Finance: Coherent (COHR) Benefited from Data-Center Demand