AI News Investors Should Not Miss

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33. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 38 

Celestica Inc. (NYSE:CLS) offers a range of product manufacturing and related supply chain services. It is playing the AI market through the manufacture and marketing of connectivity products for AI data centers, which include 400G and 800G switches, and storage solutions.

Stifel recently upgraded Celestica Inc. (NYSE:CLS) stock to Buy from Hold with an unchanged price target of $58. In an investor note, the advisory noted that the shares were down 35% since July 16 on concerns of slowing artificial intelligence investments from hyperscale customers following key supplier earnings reports. However, the advisory noted that the fiscal 2025 earnings per share estimate of $4 remained entirely achievable and already reflected an expected decline in server sales due to a technology transition at top customer Google.

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