2024-05-01 08:08:32 ET
Summary
- Jabil Inc. is a leading manufacturer of electronic goods, with Apple representing about 17% of its revenues in 2023.
- The stock recently declined due to concerns about soft demand in sectors like renewable energy and 5G, but strong growth is expected to resume in 2025.
- Jabil is expected to benefit from the introduction of AI-enabled products by Apple and other tech companies, as well as the development of humanoid robots and AI-enabled PCs.
Jabil Inc., ( JBL ) is a leading manufacturer of electronic goods, and it makes products for some of the biggest tech companies, including Apple ( AAPL ) which represented about 17% of its revenues for 2023. Jabil makes electronic products for many industries, including automotive, cloud, defense, photonics, aerospace, healthcare, networking and more. This stock recently declined over guidance and concerns about some soft demand in 2024, in sectors like renewable energy and 5G. However, strong growth is expected to resume in 2025, which is expected to be driven by AI datacenters, healthcare, etc., so this looks like a buying opportunity....
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Jabil: Maybe The Cheapest Way To Buy Into Apple's Success Without Buying Apple