10 AI Stocks on Analyst’s Radar Today

8. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 69

On May 27, Citi raised the firm’s price target on Amphenol (APH) to $100 from $85 and kept a “Buy” rating on the shares. Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors. The firm also introduced a “90-day short-term positive outlook” on the stock, citing growing demand for connectors on NVLink Fusion.

The analyst told investors in a research note that an improving artificial intelligence outlook and expansion of Nvidia’s proprietary interconnect technology, NVLink, to other manufacturers is likely to improve the demand for current high-speed, low-latency connectors that are used in the existing Nvidia-based GB200 AI systems.

This is good news for connector companies such as Amphenol, which has a leading share in the high-speed low low-latency interconnect market.