TTM Technologies (TTMI) transitioned from Russell value and defensive indices into large-cap and growth benchmarks. This reclassification reflects the company's expanding role in the AI infrastructure sector. The shift will likely increase trading volumes and ownership by quantitative funds and ETFs.
Market analysis suggests TTM Technologies is currently undervalued by 29%. The company’s estimated fair value stands at $212 per share.
Rising demand for advanced printed circuit boards (PCBs) drives this valuation. These components are essential for AI data centers and cloud infrastructure. Multi-year returns and a strategic position in the AI supply chain support long-term momentum despite short-term volatility.