Nvidia May Replace Major Supplier with Foxconn
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2026
0mins
Source: seekingalpha
- Supplier Change: Nvidia may replace Amphenol with Hong Kong-based Foxconn Interconnect Technology as the major supplier for its Kyber midplane connectors, indicating flexibility and strategic adjustments in its supply chain management.
- Content Expansion Expectations: Analyst Alicia Xi from GF Securities noted that Foxconn Interconnect is expected to expand content in the Kyber system across midplane connectors, UQD, and power solutions, reflecting confidence in future product lines.
- Price Target Increase: Xi raised her price target for Foxconn Interconnect to HK$9 and reiterated a Buy rating on the stock, indicating optimistic market expectations for its growth potential.
- Competitive Landscape Shift: Foxconn Interconnect is set to replace Amphenol as the major supplier for Kyber midplane connectors, a change that could impact the competitive landscape and provide Foxconn with a larger market share.
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Analyst Views on APH
Wall Street analysts forecast APH stock price to rise
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 152.460
Low
135.00
Averages
172.92
High
210.00
Current: 152.460
Low
135.00
Averages
172.92
High
210.00
About APH
Amphenol Corporation is a designer, manufacturer, and marketer of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cables. The Company operates through three segments. The Harsh Environment Solutions segment designs, manufactures and markets a range of ruggedized interconnect products and other products for use in the industrial, defense, commercial aerospace, automotive, mobile networks, medical and other markets. Communications Solutions segment designs, manufactures and markets a range of connector and interconnect systems for use in the information technology and data communications, mobile devices, industrial, mobile networks, broadband communications, automotive, commercial aerospace and defense end markets. Its Interconnect and Sensor Systems segment designs, manufactures and markets a range of sensors, sensor-based systems, connectors and value-add interconnect systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Profitability Improvement: The adjusted operating margin for Q1 2026 expanded by 380 basis points year-over-year to 27.3%, driven by increased AI-related revenue, manufacturing efficiencies, and disciplined execution, showcasing the company's strong performance in high-margin sectors.
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- Successful Acquisition Strategy: Amphenol's $10.5 billion acquisition of CommScope's CCS business has strengthened its fiber-optic and high-speed interconnect capabilities, reinforcing its ability to provide end-to-end connectivity solutions across copper, optical, and power networks, demonstrating its leadership in industry consolidation.
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- Portfolio Expansion: The fund's investment portfolio grew from 37 to 40 positions by the end of 2025, indicating a proactive approach by the fund management to seize market opportunities, and while overall performance was poor, the expansion aims to enhance potential returns.
- Market Outlook Focus: Quanta Services is positioned in markets with superior growth prospects and presented at the Oppenheimer conference, showcasing the company's confidence and future growth potential, which could yield long-term benefits for the fund.
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- Technical Analysis Tool: Comparing the recent share price to the 200-day moving average provides valuable insights for investors, helping them assess market trends and identify potential buy or sell opportunities.
- ETF Unit Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
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