Celestica AI Server and Storage Sales Surge 242%, CFO Says
CFO Todd Ankenmann said sales in Celestica’s AI server and data storage division rose 242%, topping internal expectations of roughly 190%. He said scaling up to meet Big Tech AI demand requires significant capital.
0942 ET - Celestica is riding a massive surge in Big Tech AI spending, but scaling up requires significant capital. On an investor call, CFO Todd Ankenmann says that sales in the company's AI server and data storage division spiked 242%, handily topping internal expectations of roughly 190%. This w…