Core Viewpoint - Sanmina has experienced a significant stock rally, attributed to its connection with AMD and the broader trends in manufacturing and artificial intelligence [1][2]. Company Overview - Sanmina is an integrated technology company that provides end-to-end manufacturing solutions, including design, implementation, and aftermarket services [3]. - The company has a collaboration partnership with AMD, which includes an equity stake from AMD in Sanmina [4]. Market Dynamics - The stock's rise is linked to AMD's performance, particularly due to AMD's recent developments with OpenAI, which have positively impacted AMD's equity and, consequently, Sanmina's stock [4][5]. - Sanmina operates in various buoyant market sectors, including industrial, medical, aerospace, defense, automotive, and cloud communication [4]. Financial Performance - Sanmina has a market capitalization of approximately $6 billion and annual sales of about $8 billion, generating around $300 million in profit over the last four quarters [9]. - The stock is currently trading at around 16 times next year's earnings, which is considered somewhat high compared to its five-year averages [10]. Growth Potential - Despite expectations of single-digit growth in earnings and revenues, Sanmina's stock has increased significantly, outperforming the S&P 500 by approximately 74% year-to-date [6][8]. - Analysts may begin to re-evaluate Sanmina's growth potential due to AMD's advancements in the data center space, which could benefit Sanmina [10][11].