Celestica Inc. (CLS), a leading provider of electronic manufacturing services, saw its stock surge 5.05% in Friday's intraday trading session, driven by the company's strong performance and positioning in the high-growth artificial intelligence (AI) infrastructure market.
According to the Seeking Alpha article "Top 10 US Stocks For 2025 in Seeking Alpha's Portfolio," Celestica has emerged as a standout player in the Electronic Manufacturing Services industry, fueled by its strategic pivot into AI infrastructure manufacturing, particularly through its focus on networking switches for data centers.
The article highlights Celestica's impressive financial results in Q3 2024, with revenue reaching a record $2.5 billion, up 22% year-over-year, and an adjusted earnings per share (EPS) of $1.04. This stellar performance was driven by robust demand from hyperscalers seeking to expand their AI computing capacity, resulting in a 42% year-over-year growth in Celestica's Connectivity & Cloud Solutions segment, which accounts for 67% of total revenues.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.