Jabil: AI Demand Drives Long-Term Growth, But Valuation Is Too High

I am neutral on Jabil Inc. (NYSE: JBL ). My summarized thesis is that while AI-related demand is a clear long- term growth driver, the rest of JBL's portfolio is not doing well, and the current valuation provides little margin Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ...