33 Most Important AI Companies You Should Pay Attention To

25. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 51 

YTD Return as of August 1: 32%

Amphenol Corporation (NYSE:APH) specializes in designing, manufacturing, and marketing electrical, electronic, and fiber optic connectors. The company offers a diverse range of products for AI companies, including chipsets, networking solutions, and server and GPU components. Additionally, it provides high-speed power connectors for data centers that handle AI computations for major software firms. Driven by the rising demand for AI-related products, Amphenol achieved over a 56% organic increase in datacom sales during the second quarter. To meet the growing volume and quality of orders from AI-enabled customers, the company plans to expand capital investments in the coming months.

Adam Norwitt, the CEO of Amphenol Corporation (NYSE:APH), commented during the second quarter earnings call that between March and June, bookings for the firm were particularly strong from IT datacom customers focused on artificial intelligence, even though traditional datacom orders also saw a nominal increase.