Celestica Inc. (NYSE:CLS) has gained 124% year-to-date and soared 20.4% in July after beating analyst revenue and EPS estimates in its second-quarter earnings. Jim Cramer praised its performance, attributing it to the tech industry’s bullishness.

During Mad Money, Cramer highlighted Celestica Inc. (NYSE:CLS) as part of an elite group of contract manufacturers dedicated to tech, along with Cadence Design Systems and FLEX LNG. He noted their strong order flow and positive business outlook in the tech sector.

While Celestica Inc. (NYSE:CLS) shows investment potential, some AI stocks may offer higher returns with limited downside risk. For those seeking an affordable AI stock benefiting from Trump tariffs and onshoring, a free report on the best short-term AI stock may be of interest.

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Read more at Yahoo Finance: Celestica Inc. (CLS) Is Up Huge, Says Jim Cramer