Celestica (CLS) Stock Soars to Record High on AI Hardware Boom, Q3 Earnings Blowout
Celestica’s stock is on fire, extending an extraordinary run as investors bet on the AI hardware boom. On Tuesday, October 28, Celestica shares surged to record highs following its earnings news, reaching approximately C$462 in early tradingmarketscreener.com. This added to a multi-session upswing – the stock gained about 13% in the past week alonets2.tech – and marked a staggering ~316% increase from a year agots2.tech. Such a historic rally has vastly outpaced the broader market and reflects surging optimism that Celestica will be a big winner in the rush to build out AI data centers and cloud infrastructurets2.tech. Notably, Celestica’s leap helped propel Canada’s TSX tech sector higher on Tuesday, even as broader markets awaited central bank decisionsmarketscreener.com.
