NEW YORK, Feb 6, 2026, 13:13 EST — Regular session trading.
Celestica Inc shares surged nearly 6% Friday, part of a wider upswing among AI hardware names as investors piled in on hopes for higher data-center outlays by big cloud players. The stock wrapped up at $312.31, gaining 5.9% and trading from $290.02 to $315.36 over the course of the day.
Timing matters here. The market’s looking at this new wave of capex—money poured into things like data centers and gear—and wondering if it’ll turn into real orders fast enough to make the spending worthwhile. Reuters says Alphabet, Microsoft, Amazon, and Meta together are set to sink more than $630 billion into AI this year. “Investors right now are not forgiving about large investments without clear signal on return on invested capital,” Morgan Stanley analysts noted. Investing.com Canada
U.S. stocks steadied on Friday after a rough, tech-led rout. Chip and hardware names led the bounce. Some of the biggest companies, though, lost ground as investors fretted over spending outlooks. Amazon’s projection of sharply higher capital spending in 2026 put pressure on parts of the “Magnificent Seven” pack, according to Reuters. Reuters
Alphabet’s latest spending binge has investors poring over possible supply chain knock-ons. Celestica got a nod from Investors.com as a company poised to benefit from Google’s heavier AI data-center outlays. Jefferies’ Blayne Curtis, for his part, didn’t budge on Broadcom—he’s still calling it a “top pick” and left his $500 price target untouched. Investors
Celestica has been stepping up efforts in this space. In its January earnings release, the company rolled out plans to expand U.S. manufacturing capacity to support production of Google’s Tensor Processing Unit (TPU) systems, positioning itself as Google’s go-to partner for data center hardware builds. Alongside that, Celestica raised its 2026 revenue forecast to $17.0 billion and bumped its adjusted earnings per share target to $8.75—a non-GAAP figure that leaves out certain items. CEO Rob Mionis noted the company is “strategically increasing” its planned capital expenditure to $1 billion this year, aiming to cover the funding with cash generated from operations. SEC
Celestica wasn’t the only mover. Jabil shares popped nearly 7.0%. Flex tacked on about 8.1%. Sanmina picked up 5.6%. Broadcom, for its part, advanced close to 7.5% over the session.
This week’s filing shows institutions aren’t backing off. Fidelity’s FMR LLC now reports a 6.4% stake in Celestica, according to a Schedule 13G/A sent to the U.S. Securities and Exchange Commission. SEC
Still, the bright side comes with hazards. Should hyperscalers, those big cloud firms, scale back orders, stall their rollouts, or start leaning on suppliers for price cuts, all that increased spending from Celestica could quickly turn from fueling growth to weighing the company down.
Nvidia’s quarterly numbers, due Feb. 25, will give investors another read on the trade. The company’s update often acts as a proxy for measuring AI infrastructure demand up and down the supply chain. nvidianews.nvidia.com
