These 10 Companies Led Gains on Wednesday

8. Amphenol Corp. (NYSE:APH)

Amphenol Corp. (APH), one of the leading manufacturers of fiber optic connectors, antennas, and specialty cables, saw its share prices surge by 7.04 percent to finish at $77.84 per share as investors took heart from better-than-expected earnings performance.

On Wednesday, Amphenol hit an earnings-per-share (EPS) for the fourth quarter of the year settled at $0.55, higher than the $0.50 projected by analysts.

In addition, sales jumped by 30 percent to $4.318 billion owed to its AI interconnect technologies and strategic market diversification.

Notably, the IT Datacom market, driven by AI applications, saw a 76-percent increase in sales.

In the first quarter of the year, Amphenol expects sales to settle between $4 billion to $4.1 billion, with adjusted EPS guidance of $0.49 to $0.51.

The company also anticipates continued growth in AI-related investments and a mid-single-digit sequential increase in the IT Datacom market.