7 Best Under-The-Radar AI Stocks Hedge Funds are Buying

3. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Investors: 51

Connecticut-based Amphenol Corporation (NYSE:APH) makes electronic components, fiber optic connectors, cable and interconnect systems. It’s one of the best under-the-radar AI stocks to buy according to experts since Amphenol Corporation (NYSE:APH) would see a boost in demand for its products as more and more companies deploy data centers and AI infrastructure. The stock has gained about 40% so far this year.

Last month, BofA updated its US 1 List, which contains buy-rated US stocks the firm is recommending. Amphenol Corporation (NYSE:APH) is part of the list. Evercore also added the stock to its Tactical Outperform list ahead of the companies’ quarterly results. Amphenol Corporation (NYSE:APH), which also pays a $0.22 per share quarterly dividend, smashed analyst estimates for its Q1 results, reporting a 95 revenue growth in the period to $3.26 billion.

Of the 919 hedge funds tracked by Insider Monkey, 51 hedge funds tracked by Insider Monkey reported owning stakes in Amphenol Corporation (NYSE:APH), up from 41 hedge funds in the previous quarter.