NEW YORK, Feb 6, 2026, 13:13 EST — Trading in regular session
Shares of Celestica Inc jumped almost 6% on Friday, lifted by a broad rally in AI-related hardware stocks as investors bet on increased data-center spending by major cloud providers. The U.S.-listed share closed at $312.31, up 5.9%, swinging between $290.02 and $315.36 during the session.
The timing is crucial as the market weighs whether this fresh surge in capital expenditure — capex, the funds companies allocate to long-term assets like data centers and equipment — will translate into orders quickly enough to justify the spending. Reuters has reported that Alphabet, Microsoft, Amazon, and Meta plan to invest over $630 billion combined in AI this year. Morgan Stanley analysts pointed out, “Investors right now are not forgiving about large investments without clear signal on return on invested capital.” 1
Friday saw U.S. stocks stabilize following a harsh tech-driven selloff, with chipmakers and hardware firms pushing the rebound. Yet, some mega-caps slipped amid concerns over spending plans. Amazon’s forecast predicting a steep rise in 2026 capital expenditure weighed on parts of the “Magnificent Seven” trade, Reuters reported. 2
Some investors are zeroing in on the supply chain implications of Alphabet’s spending plans. Investors.com singled out Celestica as a potential winner from Google’s ramped-up AI data-center investment. Jefferies analyst Blayne Curtis also stuck to his “top pick” call on Broadcom, keeping a $500 price target in place. 3
Celestica has been ramping up in this area. In its January earnings report, the company announced an expansion of U.S. manufacturing capacity to back Google’s Tensor Processing Unit (TPU) system production, branding itself as a preferred manufacturing partner for Google’s data center hardware. It also boosted its 2026 revenue target to $17.0 billion and adjusted earnings per share to $8.75, a non-GAAP number excluding certain items. CEO Rob Mionis said the firm is “strategically increasing” planned capital spending to $1 billion this year, with plans to fund the growth through operating cash flow. 4
Celestica’s surge didn’t stand alone. Shares of Jabil jumped around 7.0%, Flex added roughly 8.1%, and Sanmina climbed about 5.6%. Broadcom also saw a solid gain, up approximately 7.5% during the session.
A filing this week revealed institutional investors are still heavily positioned. Fidelity’s FMR LLC disclosed owning 6.4% of Celestica, per a Schedule 13G/A submitted to the U.S. Securities and Exchange Commission. 5
Yet the upside scenario isn’t without risks. If hyperscalers — the largest cloud providers — cut back on orders, delay deployments, or pressure suppliers on costs, Celestica’s ramped-up spending could shift from a growth driver to a liability.
Investors will get their next look at the trade when Nvidia reports quarterly results on Feb. 25. This update frequently serves as a stand-in for gauging AI infrastructure demand throughout the supply chain. 6
