Jan. 6 at 8:56 PM
Amphenol shares initially fell 6.6% after Nvidia unveiled its new Rubin AI chip platform at CES 2026, which features a cable-free design, sparking investor concern for suppliers of connectors. However, the stock rebounded and traded up 0.7% to
$140.84 by the close.
Analysts at Evercore ISI noted that while Rubin eliminates some cabling, it will require denser use of connectors to handle higher speed, power, and integration demands. Amphenol, a key provider of cables, sensors, and connectors for Nvidia’s data centers, is expected to see its content share rise 20%–40% compared with the previous Blackwell platform. Evercore highlighted that Amphenol remains a critical enabler of next-generation AI infrastructure, benefiting from the ongoing AI hardware expansion. The firm maintained its Outperform rating and
$150 price target on the stock.
$APH $NVDA