Coatue’s 35 Most Important AI Stocks

31. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 40 

Celestica Inc. (NYSE:CLS) offers a range of product manufacturing and related supply chain services. The report for the fourth quarter of 2024 shows strong financial growth of the company. For instance, the reported revenue was $2.55 billion, an increase of 19% compared to $2.14 billion for the fourth quarter of the prior year. Also, GAAP earnings from operations were 8%, compared to 5.1% for the fourth quarter of the prior year. As per the same report, the company anticipates revenue of $10.7 billion in the next year, an increase from the previous outlook of $10.4 billion due to the demand environment for data center hardware, as evidenced by recent customer forecasts as well as the new AI program awards over the last 90 days, including the second and third 1.6T program wins.