Celestica’s $1 Billion Investment Signals Confidence in the AI Boom — Is CLS Stock a Buy?

Celestica (CLS) has been one of the hottest artificial intelligence (AI) stocks, rising 116% over the past year. Moreover, it has delivered an impressive gain of 2,145% over the past three years. While such a sharp rally raises concerns around valuation, the company’s prospects remain compelling. Rising spending on AI infrastructure by major hyperscalers continues to create strong demand for Celestica. Moreover, its plan to invest $1 billion in capacity expansion to support demand further strengthens the ...