Celestica Poised for Growth in Booming AI Market

Celestica, Inc. (CLS) is well-positioned to benefit from the growing AI market, with AI hardware expected to reach $210.5 billion by 2034. The company’s innovative hardware solutions are in high demand across various industries incorporating AI applications. Celestica faces competition from Jabil, Inc. and Flex Ltd., but continues to expand its offerings with products like the DS4100 and ES1500 switches. Despite strong performance, Celestica trades at a forward P/E of 27.89, above the industry average. The Zacks Consensus Estimate for Celestica’s earnings for 2025 and 2026 has remained stable. Celestica currently holds a Zacks Rank #3 (Hold).

Read more at Zacks Investment Research: Will Growing AI Proliferation Drive Sustainable Growth for Celestica? – July 9, 2025