BofA analyst Wamsi Mohan raised the firm’s price target on Amphenol (APH) to $90 from $85 and keeps a Neutral rating on the shares after Nvidia (NVDA) announced NVLInk Fusion, the new addition to its portfolio of products, at Computex 2025 earlier this week. NVLink Fusion will allow the company to provide NVLink to cloud service providers and allows CSPs to connect Nvidia GPUs with ARM-based CPUs from Qualcom (QCOM) and Fujitsu, the analyst noted. The firm believes the announcement of NVLink Fusion will be a tailwind to Amphenol estimates, but also believes the preference of CSPs will remain using the traditional Nvidia Grace Blackwell 200 and 300s, the analyst tells investors.
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