Celestica jumps about 12% after Broadcom AI call
Celestica shares rose about 12% on Thursday, snapping a three-month slide, after investors read Broadcom’s Wednesday-night earnings call as a signal that demand remains rising for the switches and AI server racks it builds for cloud customers.
Shares of Celestica Inc. (CLS) jumped about 12% on Thursday, snapping a three-month slide, after investors read Broadcom’s Wednesday-night earnings call as a signal that demand is still rising for the high-speed switches and AI server racks Celestica builds for cloud customers.The stock clocked its…