Amphenol AI opportunity at risk, BofA says, downgrades to neutral

Artificial Intelligence Processor Concept. AI Big Data Array

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Amphenol’s (NYSE:APH) shares slipped 3.7% in premarket trading on Wednesday as BofA downgraded the electronics equipment maker to neutral from buy, arguing that the company’s total addressable market could be affected by potential design changes to Nvidia’s (NASDAQ:NVDA) GB200 platform.

According to BofA, while

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