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 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.

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

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.

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This article is originally published at Insider Monkey.