35 Trending AI Stocks on Latest Analyst Ratings and News

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20. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 72 

Amphenol Corporation (NYSE:APH) specializes in designing, manufacturing, and marketing electrical, electronic, and fiber optic connectors. The company offers a broad portfolio of products aimed at AI-focused firms, including chipsets, networking equipment, and solutions for servers and GPUs. It also supplies high-speed power connectors for data centers that handle AI computations for major software companies. This rising demand for AI technologies has led to a 56% organic growth in datacom sales during the second quarter. The company is planning to increase capital investments in the coming months to meet the expanding order volume from AI-driven clients. Adam Norwitt, CEO of the firm, highlighted the surge in bookings between March and June during the company’s Q2 earnings call. Norwitt noted that AI-powered IT datacom clients significantly drove the demand, with traditional datacom orders seeing a modest increase as well.

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