Amphenol Downgraded: Analyst Cites NVIDIA Design Changes As Risk To AI Revenue Growth
Amphenol Downgraded: Analyst Cites NVIDIA Design Changes As Risk To AI Revenue Growth
Given the potential design changes, Amphenol could see a substantial reduction in content, around $24K, in NVL36- and NVL72-based systems, writes the analyst.Electronic and fiber optic connector company Amphenol Corporation (NYSE:APH) shares are trading lower after B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Neutral and lowered its price target from $80 to $71.
電子和光纖連接器公司Amphenol Corporation (紐交所:APH) 的股票在BofA證券分析師Wamsi Mohan將其評級由買入下調至中立，並將其價格目標從80美元降至71美元后下跌。
The analyst says their checks indicate that design issues with NVIDIA Corporation's GB200-based systems may lead to changes that could reduce Amphenol's AI revenue opportunities.
該分析師表示，他們的調查顯示，NVIDIA Corporation的GB200型系統存在設計問題，可能導致的變化會減少Amphenol的人工智能營業收入機會。
Specifically, adjustments to address system overheating might result in replacing Amphenol's flyover cables with a printed circuit board (PCB), impacting APH's total addressable market, adds the analyst.
具體來說，爲解決系統過熱問題做的調整可能會用印刷電路板(PCB)替換Amphenol的飛躍電纜，影響APH的總可尋址市場，分析師補充道。
Given the potential design changes, Amphenol could see a substantial reduction in content, around $24K, in NVL36- and NVL72-based systems, writes the analyst.
考慮到潛在的設計變化，Amphenol可能會在NVL36和NVL72型系統中看到大幅減少的內容，約爲2.4萬美元，分析師寫道。
Mohan notes that this would complicate the achievement of the EPS targets for 2025/2026, which were based on higher content expectations.
Mohan指出，這將使其更加困難地實現2025/2026年的每股收益目標，因爲這些目標是基於更高的內容預期設定的。
In July, the company reported second-quarter sales increase of 18% year-on-year to $3.61 billion, beating the analyst consensus estimate of $3.38 billion and adjusted EPS of 44 cents topped the analyst consensus estimate.
7月，該公司報告第二季度銷售額同比增長18%，達到36.1億美元，超過分析師一致預期的33.8億美元，調整後的每股收益爲44美分，也超過了分析師的一致預期。
Investors can gain exposure to the stock via Spear Alpha ETF (NASDAQ:SPRX) and AdvisorShares Focused Equity ETF (NYSE:CWS).
投資者可以通過Spear Alpha ETF (納斯達克:SPRX)和AdvisorShares Focused Equity ETF (紐交所:CWS)獲得該股票的曝光。
Price Action: APH shares are down 1.44% at $61.02 at the last check Wednesday.
價格走勢：APH股票最新報價爲61.02美元，下跌1.44%，截至週三最後交易。
譯文內容由第三人軟體翻譯。