Amphenol

APH

Market cap $177B

Amphenol's CCS buy boosts fiber optic reach as acquisitions fuel strong gains across key end markets.

Nvidia released its Rubin chip platform for AI data centers, causing investors to sell Amphenol stock. But the narrative changed when analysts pointed out that the new chips could actually benefit this equipment maker.

It closed a pricey acquisition on Monday. This is a $10.5 billion deal for a CommScope business unit.

AI stock and data center leader Amphenol is breaking out today in heavy volume, as the stock market cut early losses Monday.

Amphenol (APH) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, APH broke out above the 50-day moving average, suggesting a short-term bullish trend.

WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE: APH) today announced that it has completed its previously announced acquisition of CommScope's (NASDAQ: COMM) Connectivity and Cable Solutions (CCS) business. “The acquisition of the CCS business adds significant fiber optic interconnect capabilities for the IT datacom and communications networks markets as well as a diverse range of industrial interconnect products for the building infrastructure connectivity market,” said Amphen.

RICHARDSON, Texas--(BUSINESS WIRE)-- #CommScope--CommScope (NASDAQ: COMM) announced the closing of transaction to sell its Connectivity & Cable Solutions segment to Amphenol Corporation (NYSE: APH).

APH and ADI stand out in the AI boom, supported by the massive growth of cloud computing and data centers.

WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE: APH) today announced that Sanjiv Lamba has been appointed to Amphenol's board of directors. With his appointment, the size of the Company's board has increased to nine members. Mr. Lamba is currently the Chief Executive Officer of Linde plc (NASDAQ: LIN), a leading global industrial gases and engineering company. Mr. Lamba is based in Danbury, Connecticut and was promoted to the role of Chief Executive Officer of Linde in 2022 and.

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