Stifel Upgrades Celestica Inc. (CLS) to Buy Despite AI Investment Concerns, Citing Achievable FY25 Earnings Targets

By Yahoo! Finance | Oct 2, 2024 at 05:36 AM EST

Celestica Inc. (NYSE:CLS) is positioned in the AI market by manufacturing connectivity products for AI data centers. The global AI infrastructure spending is projected to reach $500 billion by 2027, with a focus on hardware, data centers, and cloud computing.

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