Top 10 Trending AI Stocks on Wall Street

7. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 69

Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors. On January 23, Analyst Wamsi Mohan from Bank of America Securities reiterated a “Hold” rating on Amphenol and increased the price target to $85.00 from $75.00. One of the reasons for the hold rating for Amphenol has been the company’s recent financial performance and market conditions. Revenue and earnings for the fourth quarter of 2024 were better-than-expected and the company also provided strong guidance for the first quarter of 2025. Nevertheless, the firm maintains a hold rating to reflect headwinds in the industrial and automotive sectors, highlighting how they may offset gains in the IT Datacom segment. Analyst Wamsi Mohan highlights Amphenol’s strong positioning in the AI market and is investing heavily to support future growth. Therefore, he is confident in future AI orders. Moreover, since there are risks of technological displacements and integrating recent acquisitions, Moghan suggests a hold on the stock.