Evercore Reiterates Amphenol as a Top Pick Thanks to Its Key Role in AI Data Center Infrastructure

The AI surge is moving from talk about chatbots and chips to the hardware that makes it work. Data centers are being rebuilt to handle steady, high‑bandwidth computing. Industry forecasts see the AI data center market growing from roughly the mid‑$200 billion range in the middle of this decade to nearly $1 trillion by 2030.

That path implies a compound annual growth rate above 30% as enterprises and hyperscalers roll out AI at scale. This spending is driving strong demand for high‑speed connectors, cables, and power solutions that move huge amounts of data across racks, rows, and entire AI campuses.