What’s Fueling Wall Street’s 90-Day Optimism on Amphenol (APH)?

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

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.

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

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.

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This article is originally published at Insider Monkey.