Amphenol forecasts upbeat quarterly results on AI data center demand

Electronic gear maker Amphenol forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on enterprise spending for its components used in artificial intelligence data centers. Shares of the company, which ‌provides interconnect, ⁠sensor ⁠and antenna solutions for end markets such as automotive, commercial aerospace, defense, industrial and data communications jumped 9.5% in premarket trading.

Demand for Amphenol’s connectors and sensor systems has surged as tech companies aggressively build ⁠out data ‌center infrastructure needed to support generative AI workloads.