This AI Stock Is Trading Near Record Highs. Is It Too Late to Buy?
Amphenol is trading near an all-time high. Does a maker of connectors and cables still have room to run?
Overview
Amphenol (NYSE: APH) makes connectors, cables, and sensors. Nobody has ever put a cable assembly on a magazine cover. I mean, aside from very niche industry mags. Yet, on Oct. 1, the stock sits 3.2% below a recent all-time high, and the AI boom is a big reason.
A run like that raises the obvious question about whether the easy money is gone. The business results suggest it isn't, at least not yet.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.