TSX:CLSElectronic
Why Celestica (TSX:CLS) Is Down 5.5% After Boosting AI Spend Amid Customer, Legal Uncertainty – And What's Next
In early 2026, Celestica raised its 2026 revenue target to US$17.0 billion and outlined about US$1.00 billion of capital spending to expand capacity for AI data center hardware, even as a law firm began investigating potential securities issues following reports of Google shifting some AI server assembly to other suppliers.
The company’s push to move beyond contract assembly into higher-value engineering for advanced switches and liquid-cooled racks highlights its growing role in the AI...