Amphenol Downgraded: Analyst Cites NVIDIA Design Changes As Risk To AI Revenue Growth

Electronic and fiber optic connector company Amphenol Corporation 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 w ...