10 AI Stocks Making Waves on Wall Street

5. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 69

Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors. On January 23, Baird raised the firm’s price target on Amphenol Corporation to $89 from $85 and kept an “Outperform” rating on the shares. According to the firm, Amphenol is well-positioned, and its AI factors are well-aligned. The firm particularly highlighted Amphenol’s impressive growth in IT Datacomm, both in AI and non-AI applications, in their previous rating upgrade. Bank of America analysts are also bullish on the stock, highlighting the company’s strong positioning in the AI market and the company’s investments to support future growth.