The stock market closed lower on Thursday after a volatile trading session. Investor concerns about NVIDIA’s (NVDA) leadership change and rising bond yields pressured major indexes.
Overall, S&P 500 and Nasdaq fell 0.4% to 7,592 and 25,366, respectively.
Notable stocks for today include Advanced Micro Devices (AMD) +6%, Broadcom (AVGO) +6%, and Arista Networks (ANET) +5%.
Chart of the Day
Here is the one-year chart of Amphenol (APH) as of November 3, 2026, when the stock was at $84.
Connector manufacturer Amphenol saw strong growth driven largely by increasing demand for components used in AI datacenters. Its IT datacom business grew 117% last quarter and now accounts for 48% of total revenue, with AI-related products making up around 75% of that business.
Orders increased 99% year over year, pushing Amphenol’s book-to-bill ratio to 1.19:1, meaning Amphenol received $1.19 in new orders for every $1 of sales, indicating that customer demand is running ahead of current shipments.
In the recent news, Elon Musk discussed moving AI data centers into space, with initial launches targeted for 2027 and a significant increase in scale expected in 2028. Amphenol already makes rugged connectors and fiber-optic systems for satellites and other space missions, giving it relevant experience for this potential market, although no supply agreement with SpaceX (SPCX) has been announced.
APH is part of the Conservative Growth Portfolio, Growth Portfolio, and Focus List.
