Hedge Funds Increase Bets on TTM Technologies Amid Strong AI Infrastructure Demand
Prominent hedge funds, including Stephen Mandel's Lone Pine Capital and Alex Sacerdote's Whale Rock Capital, have significantly increased their stakes in TTM Technologies (NASDAQ:TTMI) during Q2. The investments totaled $512 million and $791 million respectively as of June 30, highlighting growing institutional confidence in the AI infrastructure sector. TTM reported record second-quarter revenue of $1 billion, a 37% year-over-year increase driven largely by its Data Center and Networking segment. This business now accounts for nearly half of TTM's sales and is expected to more than double in 2026 due to sustained AI demand. Despite recent stock volatility—TTMI fell about 21% over five trading days—the company remains on track for strong earnings growth, with adjusted EPS projected at $4.85 for 2026. The acquisition of Epiq Solutions adds some execution risk but is expected to improve TTM's margins and become accretive by 2028. Short interest has declined significantly since mid-June, indicating reduced bearish sentiment despite the stock’s recent pullback.
Tickers: $TTMI
Topics: AI infrastructure Stephen Mandel stock price movement TTM Technologies Whale Rock Capital