Amphenol (APH) May Ride Nvidia’s AI Wave, Says BofA Analyst

We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Amphenol Corporation (NYSE:APH) stands against other AI stocks on Wall Street’s radar.

Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors. On May 22, BofA analyst Wamsi Mohan raised the firm’s price target on the stock to $90 from $85 and kept a “Neutral” rating on the shares. The reaffirmation follows Nvidia’s announcement of NVLink Fusion at Computex 2025 earlier in the week.

A team of technicians assembling a complex electrical connector in a factory environment.

The NVLink Fusion is Nvidia’s latest silicon technology that lets industries build semi-custom AI infrastructure. NVLink Fusion will allow the company to provide NVLink to cloud service providers, allowing CSPs to connect Nvidia GPUs with ARM-based CPUs from companies such as Qualcomm and Fujitsu. As such, the announcement of NVLink Fusion is supposedly a tailwind to Amphenol’s estimates. However, there is also the belief that CSPs may continue to prefer using the traditional Nvidia Grace Blackwell 200 and 300s.

Overall, APH ranks 8th on our list of AI stocks on Wall Street’s radar. While we acknowledge the potential of APH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 AI Stocks Making Waves on Wall Street Today and 10 AI Stocks on Latest News and Ratings.

Disclosure: None. This article is originally published at Insider Monkey.