15 AI News You Must Read Today

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6. Amphenol Corporation (NYSE:APH)

Market Capitalization: $87.20 billion

Amphenol Corporation (NYSE:APH) is engaged in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors. Its products play a vital role in the progress of IT and AI, providing key connectors and sensors that are integral to AI-driven technologies.

On November 13, Evercore increased its price target on Amphenol Corporation (NYSE:APH) to $80 from $75 and maintained an “Outperform” rating. According to the firm, the electrical connector manufacturer has the ability to “sustain double-digit revenue growth and mid-teens EPS growth with high consistency and low volatility”. Moreover, even though artificial intelligence is one of its drivers, it is not the only one. It is also exposed to several different end markets, meaning it wins both when certain segments show signs of recovery or continued strength.

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