0716 ET - Celestica's stock was caught in a whirlwind of anxiety over the possibility that hyperscalers might temper their investment in AI infrastructure, but TD Cowen's Daniel Chan thinks the reaction was overboard after shares fell 28% on Monday. The analyst says that while risk exists for Celestica, he thinks that lowering infrastructure costs in the long run will be good for all of AI use. "While many unknowns remain, our view is that there is potential for material upside if the cost of AI is lowered and drives higher adoption," Chan says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
January 28, 2025 07:16 ET (12:16 GMT)
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