Electronic gear maker Amphenol forecasts upbeat quarterly results on AI data centre 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 centres.
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.
