Celestica Inc. (NYSE:CLS) saw its share prices surge by 24.6 percent last week, hitting a fresh 52-week high of $257.4 on Friday before closing at $242.68. The rally was fueled by investor optimism from Broadcom Inc.’s strong earnings and new $10-billion chip deal with OpenAI. Celestica’s net income in Q2 rose by 122 percent to $211 million, with revenues up 21 percent year-on-year to $2.89 billion. The company also raised its full-year 2025 revenue outlook to $11.55 billion. Investors are optimistic about Celestica’s potential, but some believe other AI stocks offer better returns with limited downside risk.

Read more at Yahoo Finance: Celestica (CLS) Climbs 24.6%, Rides Broadcom Boom