CA - Celestica: An AI Play With Significant Upside
2024-05-27 07:04:05 ET
Summary
- Celestica's stock price has surged over 400% in the past year, even outperforming Nvidia.
- The company reported strong Q1 earnings, beating revenue and EPS expectations.
- Celestica's strategic focus on the AI custom compute market has positioned it as a key AI player, with the potential for continued growth and margin expansion.
Impressive Price Performance: Will it Continue?
Over the past year, Celestica's ( CLS ) stock price surged more than 400%. Most of that rapid rise was thanks to the fast revenue growth and the company's AI compute programs it was delivering to the hyperscalers. Share price has not only outperformed the S&P 500 but also Nvidia by nearly 150%....
Celestica: An AI Play With Significant Upside