Celestica: An AI Play With Significant Upside
Celestica(CLS) seekingalpha.com·2024-05-27 11:04
IR_Stone Impressive Price Performance: Will it Continue? Over the past year, Celestica's (NYSE:CLS) stock price surged more than 400%. Most of that rapid rise was thanks to the fast revenue growth and the company's AI compute programs it was delivering to the hyperscalers. Share price has not only outperformed the S&P 500 but also Nvidia by nearly 150%. CLS price performance (Seeking Alpha) The company reported a strong Q1 quarter with both top and bottom-line beats. Revenue was $2.21 billion (+20% YoY), be ...