Volex Shares Surge 12% as AI Data Center Demand Boosts Outlook

Volex PLC shares jumped 12% to 484p following an upgrade to its long-term profit and revenue guidance. The company now expects revenues for the fiscal year ending March 2026 to reach at least $1.22 billion, driven by record demand for power cables and connectivity products. This optimistic outlook stems from the ongoing boom in AI data center infrastructure, which requires specialized data transmission solutions. Management also indicated that operating margins are likely to finish slightly above the previously targeted range of 9% to 10%. This performance highlights how the global surge in artificial intelligence is translating into tangible financial growth for critical infrastructure suppliers. Analysts view the guidance revision as a strong fundamental catalyst for the stock's continued momentum on the AIM market.

Sources:proactiveinvestors.co.uktipranks.commarketbeat.com