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.

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.