Littelfuse Shares Rise as AI Data-Center Story Hits
Littelfuse Inc. shares closed at a 52-week high of $487.90 Tuesday, up 5.3%, after launching its NANO² Surface-Mount 708 Series Fuse for AI data centers. The company reported first-quarter net sales of $657 million, up 19% year-over-year, with industrial sales jumping 45%. CEO Greg Henderson projected second-quarter sales of $690 million to $710 million. Other electronics stocks, including Amphenol and TE Connectivity, also rose.