Evercore ISI Reaffirms Amphenol Corporation (APH) Outperform Rating Amid AI Data Center Demand

Amphenol Corporation (NYSE:APH) ranks among the 12 Best Performing S&P 500 Stocks in the Last 10 Years.

Evercore ISI Reaffirms Amphenol Corporation (APH) Outperform Rating Amid AI Data Center Demand

Amphenol Corporation (NYSE:APH) ranks among the best performing S&P 500 stocks in the last 10 years. On February 26, Evercore ISI reaffirmed its Outperform rating and $165 price target for Amphenol Corporation (NYSE:APH), noting that concerns about a shift away from copper are exaggerated, as Nvidia’s upcoming Rubin platforms will continue to use copper for connections.

Amphenol’s involvement in delivering these, in addition to AI-specific components, indicates that it will continue to outperform, with the possibility for further revenue growth from IT/Datacom.

Additionally, Amphenol Corporation (NYSE:APH) recorded record revenues of $6.44 billion in the fourth quarter of 2025, a 49% increase from the previous year. Given strong demand from AI-focused data centers, the IT/Datacom category, which accounts for 38% of overall revenue, expanded organically by 110%.

Notably, Amphenol’s acquisition of CommScope’s CCS division in January 2026 expanded its fiber-optic services and strengthened its high-speed copper services, positioning the company as a leading provider for AI clusters and large-scale data centers.

Amphenol Corporation (NYSE:APH) is a leading manufacturer of electronic and fiber optic connectors, cables, and interconnect systems. Its products serve industries like automotive, aerospace, defense, and industrials.

While we acknowledge the potential of APH to grow, 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.

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