SANM Billionaire Ken Fisher's Top 15 Moves

What happened: Sanmina Corporation (NASDAQ: SANM), an electronics manufacturing services provider, is gaining traction as a key player in the artificial intelligence (AI) hardware supercycle. In the second quarter of 2026, Sanmina's revenue grew 15% year-over-year, driven by its AI and data center businesses. Billionaire Ken Fisher's fund has been accumulating Sanmina shares since Q3 2025, purchasing nearly 167,000 shares at an average price of $27.35. Analysts at Argus recently raised their target price for Sanmina, citing exceptional AI momentum.

Market impact: The AI hardware supercycle is pushing demand for Sanmina's services, benefiting the company and its peers in the EMS sector. Sanmina's strong performance in AI and data center segments is attracting institutional investors like Fisher's fund, potentially leading to further stock price appreciation. This narrative could reprice valuations for other EMS companies exposed to AI growth.

What to watch next: Sanmina's third-quarter earnings, scheduled for October 2026, will provide insights into the sustainability of its AI-driven growth. Additionally, monitor Fisher's fund activity around Sanmina's stock, as further purchases could signal continued confidence in the company's AI prospects. Lastly, track AI hardware demand trends, as they will directly impact Sanmina's business and the broader EMS sector.