Amphenol Downgraded: Analyst Cites NVIDIA Design Changes As Risk To AI Revenue Growth
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Electronic and fiber optic connector company Amphenol Corporation (NYSE:APH) shares are trading lower after B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Neutral and lowered its price target from $80 to $71.
The analyst says their checks indicate that design issues with NVIDIA Corporation’s GB200-based systems may lead to changes that could reduce Amphenol’s AI revenue opportunities.
Specifically, adjustments to address system overheating might result in replacing Amphenol’s flyover cables with a printed circuit board (PCB), impacting APH’s total addressable market, adds the analyst.
Given the …
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